Olin Corp. (NYSE:OLN) finished Wednesday with an addition of $1.94 to close at $47.90, an upside of 4.22 percent. An average of 1,614,340 shares of common stock have been traded in the last five days. There was a fall of -$0.71 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 2,017,380 shares traded, while the 50-day average volume stands at 1,725,402.
OLN stock has decreased by -17.77% in the last month. The company shares reached their 1-month lowest point of $45.05 on 09/26/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $41.33 and a high of $64.70 in 52 weeks. It has reached a new high 10 times so far this year and lost -9.52% or -$5.04 in price. In spite of this, the price is down -25.97% from the 52-week high.
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Insider Transactions
OLN stock investors should be aware that Olin Corp. (OLN) stock had its last reported insider trading activity 41 days ago on Aug 18. In this transaction, the insider spent $44,313. VP & Pres, Epoxy & Corp Strat., Gumpel Damian, disposed of 8,000 shares at a price of $58.38 on Aug 10. The insider now owns more than $467,061 worth of shares. Prior to that, VP & Pres, Winchester FLAUGHER BRETT A went on to Sale 11,250 shares at $58.95 each on Aug 08. An amount of $663,182 was transacted.
Valuation Metrics
Olin Corp. (OLN) has a trailing price-to-earnings (P/E) ratio of 8.12. The stock’s beta is 1.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.77, the price-to-book (PB) ratio at 2.48, and the price-to-cash flow ratio at 5.77.
Financial Health
The quick ratio of Olin Corp. for the three months ended June 29 was 0.80, and the current ratio was 1.57, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.23 and a total debt to equity ratio of 1.26 for the quarter ending June 29. Olin Corp.’s EBITDA margin for the year ending June 29 is 25.42%, while its operating margin for the same period stands at 15.54%. Its gross profit as reported stood at $2.18 billion compared to revenue of $9.38 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Olin Corp.’s return on assets was 9.80%.
Earnings Surprise
For the three-month period that ended June 29, Olin Corp. had $2.72 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $146.9 million in the quarter, while revenues of $156.3 million were shrunk -187.34%. The analyst consensus anticipated Olin Corp.’s latest quarter earnings to come in at $1.01 per share, but it turned out to be $1.08, a 6.90% surprise. For the quarter, EBITDA amounted to $353.5 million. Shareholders own equity worth $125.83 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Olin Corp. (OLN) price momentum. RSI 9-day as of the close on 27 September was 37.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.34%.
As of today, OLN’s price is $46.88 -1.46% or -$0.71 from its 5-day moving average. OLN is currently trading -18.74% lower than its 20-day SMA and -10.63% lower than its 100-day SMA. However, the stock’s current price level is -11.77% below the SMA50 and -12.50% below the SMA200.
The stochastic %K and %D were 22.75% and 12.45%, respectively, and the average true range (ATR) was 1.40. With the 14-day stochastic at 45.02% and the average true range at 1.42, the RSI (14) stands at 35.14%. The stock has reached -1.16 on the 9-day MACD Oscillator while the 14-day reading was at -1.95.
Analyst Ratings
Wells Fargo downgraded Olin Corp. (NYSE: OLN) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Olin Corp. (OLN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell OLN, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 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 $50.00 and $82.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Olin Corp. (OLN) stock is $63.33.
