A View of Olin Corporation (OLN) Stock’s Fundamentals and Valuations

As of right now, Olin Corporation [OLN] is trading at $45.24, climbing down -0.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The OLN shares have lost -7.24% over the last week, with a monthly amount drifted -19.60%, and not seem to be holding up well over a long-time horizon.

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On 20, September 2022, Olin Updates Third Quarter 2022 Outlook and Announces Earnings Conference Call. In a post published today on Yahoo Finance, Olin Corporation (NYSE: OLN) announced today it now expects third quarter 2022 adjusted EBITDA to be in the range of $530 – $550 million.  On July 28, 2022, we previously guided third quarter 2022 adjusted EBITDA to decline approximately 15% from our second quarter 2022 adjusted EBITDA of $727 million.

From an analyst’s perspective:

Olin Corporation [NYSE: OLN] stock has seen the most recent analyst activity on September 06, 2022, when Credit Suisse initiated its Underperform rating and assigned the stock a price target of $51. Previously, Citigroup downgraded its rating to Neutral on June 17, 2022, and dropped its price target to $55. On June 15, 2022, RBC Capital Mkts reiterated its Outperform rating and revised its price target to $76 on the stock. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $64 on March 14, 2022. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Piper Sandler started tracking with a Overweight rating for this stock on September 14, 2021, and assigned it a price target of $70. In a note dated July 16, 2021, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $49 to $58.

Through the last year, Olin Corporation’s stock price ranged from $43.02 to $67.25. Currently, Wall Street analysts expect the stock to reach $64.00 within the next 12 months. Olin Corporation [NYSE: OLN] shares were valued at $45.24 at the most recent close of the market. An investor can expect a potential return of 41.47% based on the average price forecast.

Analyzing the OLN fundamentals

For Apple Inc, (OLN), the latest quarter sales were 2.62 billion, which represents an 17.80% increase. Gross Margin for this corporation currently stands at +23.70% with Operating Margin at +19.27%, Pretax Margin comes in at +17.27%, and Net Margin reading is +14.55%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.73 points at the first support level, and at 44.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.91, and for the 2nd resistance point, it is at 46.59.

Olin Corporation [OLN] reported earnings per share of $2.78 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.54/share, meaning a difference of $0.24 and a surprise factor of 9.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $2.5 per share as compared to estimates of $2.35 per share, a difference of $0.15 representing a surprise of 6.40%.

Ratios To Look Out For

It is important to note that Olin Corporation [NYSE:OLN] has a current ratio of 1.40. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 3.40 and the P/E (TTM) ratio is 4.76.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 1 insider purchases totaling 19,418 shares and 2 insider sales totaling 22,763 shares over the past 3 months. Recent insider trading involved VARILEK JAMES A, EVP & COO, that happened on Aug 18 when 3345.0 shares were sold. VP & Controller, Sumner R Nichole completed a deal on May 27 to sell 9518.0 shares. Meanwhile, EVP & COO VARILEK JAMES A sold 28265.0 shares on May 27.