Olin Corp. [OLN] stock is trading at $42.76, down -0.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OLN shares have gain 3.86% over the last week, with a monthly amount drifted -11.34%, 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 August 08, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $45. Previously, JP Morgan upgraded its rating to Overweight on July 29, 2024, and kept the price target unchanged to $55. On July 29, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $51 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $52 on December 07, 2023. Citigroup initiated its recommendation with a Buy and recommended $50 as its price target on November 13, 2023. JP Morgan downgraded its rating to Neutral for this stock on October 30, 2023, and downed its price target to $48. In a note dated October 11, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $60 to $52.
Olin Corp. [OLN] stock has fluctuated between $40.26 and $60.60 over the past year. Currently, Wall Street analysts expect the stock to reach $62.23 within the next 12 months. Olin Corp. [NYSE: OLN] shares were valued at $42.76 at the most recent close of the market. An investor can expect a potential return of 45.53% based on the average OLN price forecast.
Analyzing the OLN fundamentals
Olin Corp. [NYSE:OLN] reported sales of 6.57B for the trailing twelve months, which represents a drop of -3.45%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.13 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.39.
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 42.23 points at the first support level, and at 41.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.22, and for the 2nd resistance point, it is at 43.68.
Ratios To Look Out For
For context, Olin Corp.’s Current Ratio is 1.43. In addition, the Quick Ratio stands at 0.82 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 18.89.
Transactions by insiders
Recent insider trading involved Sutton Scott McDougald, President & CEO, that happened on Feb 27 ’24 when 48896.0 shares were sold. President & CEO, Sutton Scott McDougald completed a deal on Feb 26 ’24 to sell 16924.0 shares. Meanwhile, VP & Pres, Winchester FLAUGHER BRETT A sold 15000.0 shares on Feb 26 ’24.
