The price-to-earnings ratio for Olin Corp. (NYSE: OLN) is above average at 18.77x, Company’s 36-month beta value is 1.47.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for OLN is 118.88M, and currently, short sellers hold a 1.99% ratio of that floaft. The average trading volume of OLN on May 02, 2024 was 981.62K shares.
OLN) stock’s latest price update
The stock of Olin Corp. (NYSE: OLN) has decreased by -0.42 when compared to last closing price of 52.28.Despite this, the company has seen a loss of -1.90% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that Olin’s (OLN) first-quarter earnings and sales surpass the respective estimates as strong Winchester results offset the weakness in its Chemical businesses.
OLN’s Market Performance
Olin Corp. (OLN) has experienced a -1.90% fall in stock performance for the past week, with a -12.25% drop in the past month, and a -0.02% drop in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 2.41% for OLN. The simple moving average for the last 20 days is -5.44% for OLN’s stock, with a simple moving average of -0.17% 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 -6.22% 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 -14.09% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -12.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.78% upper at present.
During the last 5 trading sessions, OLN fell by -1.90%, which changed the moving average for the period of 200-days by -2.22% in comparison to the 20-day moving average, which settled at $54.69. In addition, Olin Corp. saw -3.50% 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 15.11, with 4.48 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 1.35. 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 1.38.
Conclusion
In a nutshell, Olin Corp. (OLN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
