Watching Olin Corporation (OLN) For Insider Activity


Olin Corporation (NYSE:OLN) finished Wednesday with a subtraction of -$0.52 to close at $45.25, a downside of -1.14 percent. An average of 3,060,620 shares of common stock have been traded in the last five days. There was a fall of -$4.52 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,666,050 shares traded, while the 50-day average volume stands at 1,434,594.

OLN stock has decreased by -17.74% in the last month. The company shares reached their 1-month lowest point of $44.26 on 09/20/22. With the stock rallying to its 52-week high on 06/02/22, shares of the company touched a low of $43.02 and a high of $67.25 in 52 weeks. It has reached a new high 12 times so far this year and lost -21.33% or -$12.27 in price. In spite of this, the price is down -32.71% from the 52-week high.

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Insider Transactions

35 days have passed since Olin Corporation (OLN) last reported insider trading activity. VARILEK JAMES A, who is EVP & COO, most recently acquired $3,345 shares at $57.81 per share on Aug 18. In this transaction, the insider spent $193,336. VP & Controller, Sumner R Nichole, disposed of 9,518 shares at a price of $64.83 on May 27. The insider now owns more than $617,009 worth of shares. Prior to that, EVP & COO VARILEK JAMES A went on to Sale 28,265 shares at $64.76 each on May 27. An amount of $1,830,458 was transacted.

Valuation Metrics

Olin Corporation (OLN) has a trailing price-to-earnings (P/E) ratio of 4.76. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 2.50, and the price-to-cash flow ratio at 4.23.

Financial Health

The quick ratio of Olin Corporation for the three months ended June 29 was 0.90, and the current ratio was 1.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.96 and a total debt to equity ratio of 1.03 for the quarter ending June 29. Its gross profit as reported stood at $2.29 billion compared to revenue of $8.91 billion.

Earnings Surprise

For the three-month period that ended June 29, Olin Corporation had $2.58 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $422.1 million in the quarter, while revenues were grew 15.71%. The analyst consensus anticipated Olin Corporation’s latest quarter earnings to come in at $2.54 per share, but it turned out to be $2.78, a 9.40% surprise. For the quarter, EBITDA amounted to $714.2 million. Shareholders own equity worth $145.15 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Olin Corporation (OLN) price momentum. RSI 9-day as of the close on 21 September was 26.38%, suggesting the stock is oversold, with historical volatility in this time frame at 56.43%.

As of today, OLN’s price is $46.69 -9.08% or -$4.52 from its 5-day moving average. OLN is currently trading -19.58% lower than its 20-day SMA and -15.04% lower than its 100-day SMA. However, the stock’s current price level is -3.10% below the SMA50 and -13.11% below the SMA200.

The stochastic %K and %D were 15.23% and 12.71%, respectively, and the average true range (ATR) was 2.37. With the 14-day stochastic at 8.06% and the average true range at 2.21, the RSI (14) stands at 31.16%. The stock has reached -3.26 on the 9-day MACD Oscillator while the 14-day reading was at -4.70.

Analyst Ratings

Credit Suisse launched coverage on Olin Corporation (NYSE: OLN) in its analyst report released on September 06, 2022. The firm assigned the stock an Underperform rating. The consensus rating for Olin Corporation (OLN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell OLN, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.

What is OLN’s price target for the next 12 months?

Analysts predict a range of price targets between $45.00 and $93.00, with a median target of $60.50. Taking a look at these predictions, the average price target given by analysts for Olin Corporation (OLN) stock is $64.00.


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