The stock of Olin Corp. (OLN) has gone down by -0.66% for the week, with a -7.58% drop in the past month and a 2.07% rise in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are 2.06% for OLN. The simple moving average for the last 20 days is -6.10% for OLN stock, with a simple moving average of 1.22% for the last 200 days.
Is It Worth Investing in Olin Corp. (NYSE: OLN) Right Now?
Olin Corp. (NYSE: OLN) has a higher price-to-earnings ratio of 14.93x compared to its average ratio, The 36-month beta value for OLN is at 1.47. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for OLN is 119.10M, and currently, shorts hold a 1.98% of that float. The average trading volume for OLN on April 26, 2024 was 1.03M shares.
OLN) stock’s latest price update
The stock price of Olin Corp. (NYSE: OLN) has plunged by -0.47 when compared to previous closing price of 53.07, but the company has seen a -0.66% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that The headline numbers for Olin (OLN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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 -4.67% 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 -12.84% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -9.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.37% upper at present.
During the last 5 trading sessions, OLN fell by -0.66%, which changed the moving average for the period of 200-days by -0.90% in comparison to the 20-day moving average, which settled at $55.98. In addition, Olin Corp. saw -2.09% in overturn over a single year, with a tendency to cut further losses.
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 1.36. 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 conclusion, Olin Corp. (OLN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
