In the past week, OLN stock has gone up by 0.48%, with a monthly decline of -6.83% and a quarterly plunge of -5.47%. The volatility ratio for the week is 2.24%, and the volatility levels for the last 30 days are 2.84% for Olin Corp The simple moving average for the past 20 days is 0.01% for OLN’s stock, with a -14.41% simple moving average for the past 200 days.
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 34.13x, Company’s 36-month beta value is 1.43.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for OLN is 116.12M, and currently, short sellers hold a 1.87% ratio of that floaft. The average trading volume of OLN on November 22, 2024 was 1.39M shares.
OLN) stock’s latest price update
The stock of Olin Corp (NYSE: OLN) has increased by 2.96 when compared to last closing price of 40.81. Despite this, the company has experienced a 0.48% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that The top line of OLN’s chemical businesses in Q3 decrease due to Hurricane Beryl-related sales losses.
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 -5.61% 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 -30.66% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -6.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.48% upper at present.
During the last 5 trading sessions, OLN rose by +0.48%, which changed the moving average for the period of 200-days by -17.25% in comparison to the 20-day moving average, which settled at $42.01. In addition, Olin Corp saw -22.11% 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 sale 10,500 shares at the price of $43.75 back on Nov 08 ’24. After this action, Sumner R Nichole now owns 24,056 shares of Olin Corp, valued at $459,412 using the latest closing price.
R. Nicole Sumner, the Officer of Olin Corp, proposed sale 10,500 shares at $41.77 during a trade that took place back on Nov 08 ’24, which means that R. Nicole Sumner is holding shares at $438,585 based on the most recent closing price.
Stock Fundamentals for OLN
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.11 for the gross margin
The net margin for Olin Corp stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 6.88, with 1.97 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 1.4. The interest coverage ratio of the stock is 1.81.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 3.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 7.35for 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 1.40.
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.
