Olin Corp. (NYSE: OLN)’s stock price has dropped by -1.01 in relation to previous closing price of 59.43. Nevertheless, the company has seen a gain of 1.00% in its stock price over the last five trading days. InvestorPlace reported 2024-04-02 that One of the largest ammunition manufacturers in the U.S. is about to sell its shooting sports business, but the deal isn’t going smoothly. Amid national security concerns and competing bids for the business, Vista Outdoor‘s (NYSE: VSTO ) plan to split in two is suddenly very complicated and roiling the market for ammo stocks.
Is It Worth Investing in Olin Corp. (NYSE: OLN) Right Now?
The price-to-earnings ratio for Olin Corp. (NYSE: OLN) is above average at 16.63x. The 36-month beta value for OLN is also noteworthy at 1.45. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for OLN is 119.62M, and at present, short sellers hold a 2.37% of that float. The average trading volume of OLN on April 05, 2024 was 1.09M shares.
OLN’s Market Performance
OLN’s stock has seen a 1.00% increase for the week, with a 6.15% rise in the past month and a 11.15% gain in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 2.05% for Olin Corp. The simple moving average for the last 20 days is 2.36% for OLN’s stock, with a simple moving average of 13.51% for the last 200 days.
Analysts’ Opinion of OLN
Many brokerage firms have already submitted their reports for OLN stocks, with Deutsche Bank repeating the rating for OLN by listing it as a “Hold.” The predicted price for OLN in the upcoming period, according to Deutsche Bank is $52 based on the research report published on December 07, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see OLN reach a price target of $50. The rating they have provided for OLN stocks is “Buy” according to the report published on November 13th, 2023.
JP Morgan gave a rating of “Neutral” to OLN, setting the target price at $48 in the report published on October 30th of the previous year.
OLN Trading at 8.06% from the 50-Day Moving Average
After a stumble in the market that brought OLN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.90% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +6.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.84% upper at present.
During the last 5 trading sessions, OLN rose by +1.00%, which changed the moving average for the period of 200-days by +12.36% in comparison to the 20-day moving average, which settled at $57.64. In addition, Olin Corp. saw 9.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OLN starting from Sutton Scott McDougald, who sale 48,896 shares at the price of $52.39 back on Feb 27 ’24. After this action, Sutton Scott McDougald now owns 90,327 shares of Olin Corp., valued at $2,561,516 using the latest closing price.
FLAUGHER BRETT A, the VP & Pres, Winchester of Olin Corp., sale 10,000 shares at $52.20 during a trade that took place back on Feb 27 ’24, which means that FLAUGHER BRETT A is holding 77,763 shares at $521,988 based on the most recent closing price.
Stock Fundamentals for OLN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.17 for the gross margin
The net margin for Olin Corp. stands at 0.07. The total capital return value is set at 0.11. Equity return is now at value 19.27, with 5.84 for asset returns.
Based on Olin Corp. (OLN), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 3.83.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 2.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 7.68for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In summary, Olin Corp. (OLN) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
