The ODP Corporation (ODP): A Technical View


As of Wednesday close, The ODP Corporation’s (NASDAQ:ODP) stock was down -$0.41, moving down -0.87 percent to $46.75. The average number of shares traded per day over the past five days has been 375,660 shares. 3 times new highs have been achieved over the past 5 days, with a $1.61 gain in that time frame. In the last twenty days, the average volume was 456,260, while in the previous 50 days, it was 438,272.

Since last month, ODP stock rose 16.41%. Shares of the company fell to $38.71 on 11/04/22, the lowest level in the past month. A 52-week high of $48.00 was reached on 03/29/22 after having rallying from a 52-week low of $28.85. Since the beginning of this year, ODP’s stock price has risen by 19.02% or $7.47, and marked a new high 8 times. However, the stock has declined by -2.60% since its 52-week high.

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ODP stock investors should be aware that The ODP Corporation (ODP) stock had its last reported insider trading activity 16 days ago on Nov 08. Hlavinka Sarah E., the EVP-Chief Legal Officer & Secy of the company, purchased of 1,200 shares for $41.58 on Nov 08. It resulted in a $49,896 investment by the insider. MALONEY ZOE sold 6,800 shares at an average price of $36.86 on Aug 17. The insider now owns 21,932 shares following the transaction. On Mar 22, EVP-Chief Merchandising and GANNFORS JOHN sold 11,899 shares at $46.42 apiece. The transaction was valued at $552,403.

Valuation Metrics

Right now, The ODP Corporation (ODP) has a P/E ratio of about 13.21. The stock’s beta is 1.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 1.50, and the price-to-cash flow ratio of 24.93 may also be considered.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.

Financial Health

In the three months ended September 29, The ODP Corporation’s quick ratio stood at 0.60, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.12, and the total debt-to-equity ratio was 0.13. On the profitability front, the trailing twelve-month gross margin is 21.80% percent. In the year ended September 29, operating margins totaled 2.60%. Based on annual data, ODP earned $1.86 billion in gross profit and brought in $8.46 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.30%. Return on equity (ROE) for the past 12 months was -8.40%.

In The ODP Corporation’s quarter-end financial report for September 29, it reported total debt of $175.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ODP’s revenue fell -0.32% to $2.03 billion during the quarter, while net income inched up to $2.17 billion. While analysts expected The ODP Corporation to report $1.72 quarterly earnings, the actual figure was $1.48 per share, beating the consensus estimate by -14.00%. During the quarter, the company generated $116.0 million in EBITDA. The liabilities of The ODP Corporation were 2.92 billion at the end of its most recent quarter ended September 29, and its total debt was $898.0 million. The value of shareholders’ equity is $45.81 million.

Technical Picture

This quick technical analysis looks at The ODP Corporation’s (ODP) price momentum. With a historical volatility rate of 25.20%, the RSI 9-day stood at 70.83% on 23 November.

With respect to its five-day moving average, the current The ODP Corporation price is up by +3.57% percent or $1.61. At present, ODP shares trade +16.55% above its 20-day simple moving average and +48.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.25% above its SMA50 and +7.30% above its SMA200.

Stochastic coefficient K was 91.03% and Stochastic coefficient D was 90.88%, while ATR was 1.48. Given the Stochastic reading of 91.73% for the 14-day period, the RSI (14) reading has been calculated as 70.71%. As of today, the MACD Oscillator reading stands at 0.58, while the 14-day reading stands at 2.15.


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