The stock of The ODP Corporation (NASDAQ:ODP) decreased by -$2.9 on Friday to finish at $48.10, down -5.69 percent. The last five days have seen an average of 461,880 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $2.56. The average number of shares traded over the last 20 days was 308,915, while the average volume over the last 50 days totaled 437,200.
ODP stock appreciated 0.27% since last month. On 07/14/23, the company’s shares reached a one-month low of $46.67. The stock touched a high of $53.59 on 02/03/23, after rallying from a low of $34.55 in 52 weeks. The price of ODP stock has risen by 5.62% or $2.56 this year, reaching a new high 10 times. Still, the stock price is down -10.24% from the 52-week high.
Insider Transactions
ODP stock investors should be aware that The ODP Corporation (ODP) stock had its last reported insider trading activity 4 days ago on Aug 10. On Aug 10, Chief Executive Officer SMITH GERRY P sold 42,534 shares at $50.72 each. This transaction resulted in the insider making $2,157,259. On Aug 10, MOFFITT KEVIN sold 846 shares at a price of US$50.73. After the transaction, the insider now owns 70,641 shares. Chief Executive Officer SMITH GERRY P had earlier sold 28,016 shares on Aug 09 for $50.06 a share. The transaction was completed for $1,402,579.
Valuation Metrics
The ODP Corporation (ODP) has a trailing price-to-earnings (P/E) ratio of 11.26. Beta for the stock is 1.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 1.68, and the price-to-cash flow ratio of 14.26.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the recent quarter, The ODP Corporation’s quick ratio was 0.60, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.18, and the total debt to equity ratio is 0.19. As far as profitability goes, gross margin for the trailing twelve months is 21.90% percent. The ODP Corporation’s EBITDA margin for the recent year was 5.03%, whereas its operating margin stood at 2.90% for the same period. Based on annual data, it had gross profit of $1.85 billion and revenue of $8.49 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ODP’s return on assets (ROA) during the last 12 months has been 3.90%. There was a 12.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.20%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.91 billion, while revenues fell by -6.6% to $2.11 billion. EBITDA was $75.0 million for the quarter. At the end of The ODP Corporation’s most recent quarter, its liabilities totaled 2.8 billion, while its total debt was $889.0 million. Equity owned by shareholders amounts to $38.05 million.
Technical Picture
Here’s a quick look at The ODP Corporation’s (ODP) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 45.23%, suggesting the stock is Neutral, with a 42.29% historical volatility rate.
The stochastic %K and %D were 69.08% and 66.05% respectively, while the average true range (ATR) was 1.55. Based on the 14-day stochastic reading of 25.84%, the RSI (14) reading is 49.15%. On the 9-day MACD Oscillator, the stock is at 0.65, and the 14-day reading is at 0.46.
Analyst Ratings
In its analyst report released on June 23, 2023, B. Riley Securities began covering The ODP Corporation (NASDAQ: ODP). The stock was rated as a Buy by the brokerage firm. Analysts have assigned The ODP Corporation (ODP) an Overweight rating. ODP is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is ODP’s price target for the next 12 months?
The current consensus forecast for the stock is between $53.00 and $65.00, with a median target price of $59.00. In analyzing these forecasts, the average price target given by analysts for The ODP Corporation (ODP) is $59.00.
