Olin Corp. [OLN] stock prices are down -0.96% to $47.63 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OLN shares have lost -3.25% over the last week, with a monthly amount drifted -11.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Olin Corp. [NYSE: OLN] stock has seen the most recent analyst activity on December 07, 2023, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $52. Previously, Citigroup started tracking the stock with Buy rating on November 13, 2023, and set its price target to $50. On October 30, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $48 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $52 on October 11, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $50 on September 26, 2023. Goldman downgraded its rating to Neutral for this stock on September 06, 2023, and downed its price target to $57. In a note dated September 05, 2023, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $67.
The stock price of Olin Corp. [OLN] has been fluctuating between $41.71 and $60.60 over the past year. Currently, Wall Street analysts expect the stock to reach $67.64 within the next 12 months. Olin Corp. [NYSE: OLN] shares were valued at $47.63 at the most recent close of the market. An investor can expect a potential return of 42.01% based on the average OLN price forecast.
Analyzing the OLN fundamentals
The Olin Corp. [NYSE:OLN] reported sales of 6.62B for trailing twelve months, representing a drop of -11.33%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.15 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.3.
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 47.28 points at the first support level, and at 46.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.18, and for the 2nd resistance point, it is at 48.74.
Ratios To Look Out For
It’s worth pointing out that Olin Corp. [NYSE:OLN]’s Current Ratio is 1.38. Also, the Quick Ratio is 0.80, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 2.62 and price to earnings (TTM) ratio is 17.18.
Transactions by insiders
Recent insider trading involved Sutton Scott McDougald, President & CEO, that happened on Feb 27 ’24 when 48896.0 shares were sold. VP & Pres, Winchester, FLAUGHER BRETT A completed a deal on Feb 27 ’24 to sell 10000.0 shares. Meanwhile, President & CEO Sutton Scott McDougald sold 16924.0 shares on Feb 26 ’24.
