A share price of Olin Corp. [OLN] is currently trading at $43.52, up 1.00%. 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 gain 7.78% over the last week, with a monthly amount glided 2.23%, and 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 September 03, 2024, when BMO Capital Markets initiated its Market Perform rating and assigned the stock a price target of $50. Previously, Mizuho started tracking the stock with Neutral rating on August 08, 2024, and set its price target to $45. On July 29, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $55 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $51 on July 29, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $52 as its price target on December 07, 2023. Citigroup started tracking with a Buy rating for this stock on November 13, 2023, and assigned it a price target of $50. In a note dated October 30, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $75 to $48.
Olin Corp. experienced fluctuations in its stock price throughout the past year between $39.47 and $60.60. Currently, Wall Street analysts expect the stock to reach $62.23 within the next 12 months. Olin Corp. [NYSE: OLN] shares were valued at $43.52 at the most recent close of the market. An investor can expect a potential return of 42.99% based on the average OLN price forecast.
Analyzing the OLN fundamentals
Trailing Twelve Months sales for Olin Corp. [NYSE:OLN] were 6.57B which represents -3.45% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.39.
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 43.13 points at the first support level, and at 42.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.98, and for the 2nd resistance point, it is at 44.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Olin Corp. [NYSE:OLN] is 1.43. Also, the Quick Ratio is 0.82, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 2.39 and price to earnings (TTM) ratio is 19.22.
Transactions by insiders
Recent insider trading involved Sumner, R. Nichole, Officer, that happened on Aug 26 ’24 when 10500.0 shares were purchased. President & CEO, Sutton Scott McDougald completed a deal on Feb 27 ’24 to sell 48896.0 shares. Meanwhile, President & CEO Sutton Scott McDougald sold 16924.0 shares on Feb 26 ’24.
