Olin Corp. (NYSE: OLN)’s stock price has soared by 1.49 in relation to previous closing price of 46.44. Nevertheless, the company has seen a gain of 0.60% in its stock price over the last five trading days. zacks.com reported 2024-10-04 that With the advent of a strong fourth quarter, it’s prudent to invest in stocks exhibiting solid earnings acceleration such as Argenx, Alphatec Holdings and Olin Corporation.
Is It Worth Investing in Olin Corp. (NYSE: OLN) Right Now?
Olin Corp. (NYSE: OLN) has a higher price-to-earnings ratio of 20.82x compared to its average ratio. OLN has 36-month beta value of 1.40. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for OLN is 117.06M, and currently, short sellers hold a 2.19% ratio of that float. The average trading volume of OLN on October 17, 2024 was 1.33M shares.
OLN’s Market Performance
OLN’s stock has seen a 0.60% increase for the week, with a 8.30% rise in the past month and a -4.88% fall in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 2.51% for Olin Corp. The simple moving average for the past 20 days is 0.61% for OLN’s stock, with a -6.28% simple moving average for the past 200 days.
Analysts’ Opinion of OLN
Many brokerage firms have already submitted their reports for OLN stocks, with BMO Capital Markets repeating the rating for OLN by listing it as a “Market Perform.” The predicted price for OLN in the upcoming period, according to BMO Capital Markets is $50 based on the research report published on September 03, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see OLN reach a price target of $45. The rating they have provided for OLN stocks is “Neutral” according to the report published on August 08th, 2024.
JP Morgan gave a rating of “Overweight” to OLN, setting the target price at $55 in the report published on July 29th of the current year.
OLN Trading at 6.74% 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 -22.23% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +9.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.43% upper at present.
During the last 5 trading sessions, OLN rose by +0.60%, which changed the moving average for the period of 200-days by -12.64% in comparison to the 20-day moving average, which settled at $46.84. In addition, Olin Corp. saw -12.64% 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 OLN starting from Sumner, R. Nichole, who proposed sale 10,500 shares at the price of $42.77 back on Aug 26 ’24. After this action, Sumner, R. Nichole now owns shares of Olin Corp., valued at $449,085 using the latest closing price.
Sutton Scott McDougald, the President & CEO of Olin Corp., sale 48,896 shares at $52.39 during a trade that took place back on Feb 27 ’24, which means that Sutton Scott McDougald is holding 90,327 shares at $2,561,516 based on the most recent closing price.
Stock Fundamentals for OLN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.13 for the gross margin
The net margin for Olin Corp. stands at 0.04. The total capital return value is set at 0.08. Equity return is now at value 12.25, with 3.58 for asset returns.
Based on Olin Corp. (OLN), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 2.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.31. The receivables turnover for the company is 7.13for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
To put it simply, Olin Corp. (OLN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
