ODP Corporation (NASDAQ: ODP) has seen a decline in its stock price by -0.33 in relation to its previous close of 39.18. However, the company has experienced a -2.96% decline in its stock price over the last five trading sessions. zacks.com reported 2024-05-23 that We have screened value stocks SIG, NMM, CMRE, ODP and POR based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
Is It Worth Investing in ODP Corporation (NASDAQ: ODP) Right Now?
The price-to-earnings ratio for ODP Corporation (NASDAQ: ODP) is above average at 18.85x, Company’s 36-month beta value is 1.59.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 2 as “sell.”
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The public float for ODP is 34.66M, and currently, short sellers hold a 11.39% ratio of that floaft. The average trading volume of ODP on May 27, 2024 was 416.03K shares.
ODP’s Market Performance
ODP’s stock has seen a -2.96% decrease for the week, with a -24.07% drop in the past month and a -26.25% fall in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 3.39% for ODP Corporation The simple moving average for the past 20 days is -13.56% for ODP’s stock, with a -20.51% simple moving average for the past 200 days.
Analysts’ Opinion of ODP
Many brokerage firms have already submitted their reports for ODP stocks, with Noble Capital Markets repeating the rating for ODP by listing it as a “Outperform.” The predicted price for ODP in the upcoming period, according to Noble Capital Markets is $65 based on the research report published on August 23, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see ODP reach a price target of $60. The rating they have provided for ODP stocks is “Buy” according to the report published on June 23rd, 2023.
Colliers Securities gave a rating of “Buy” to ODP, setting the target price at $57 in the report published on January 28th of the previous year.
ODP Trading at -19.88% from the 50-Day Moving Average
After a stumble in the market that brought ODP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.79% of loss for the given period.
Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -24.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.49% lower at present.
During the last 5 trading sessions, ODP fell by -2.96%, which changed the moving average for the period of 200-days by -21.71% in comparison to the 20-day moving average, which settled at $44.56. In addition, ODP Corporation saw -30.64% 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 ODP starting from SCAGLIONE DIEGO ANTHONY, who sale 25,000 shares at the price of $55.00 back on Mar 01 ’24. After this action, SCAGLIONE DIEGO ANTHONY now owns 96,104 shares of ODP Corporation, valued at $1,375,000 using the latest closing price.
MOFFITT KEVIN, the EVP, President of Office Depot of ODP Corporation, sale 12,070 shares at $50.65 during a trade that took place back on Dec 15 ’23, which means that MOFFITT KEVIN is holding 56,641 shares at $611,382 based on the most recent closing price.
Stock Fundamentals for ODP
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.22 for the gross margin
The net margin for ODP Corporation stands at 0.01. The total capital return value is set at 0.11. Equity return is now at value 7.40, with 2.11 for asset returns.
Based on ODP Corporation (ODP), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.7. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 12.16.
Currently, EBITDA for the company is 405.0 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.27. The receivables turnover for the company is 16.16for trailing twelve months and the total asset turnover is 2.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In a nutshell, ODP Corporation (ODP) 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.
