Olin Corp [OLN] stock prices are up 1.52% to $42.70 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The OLN shares have gain 4.63% over the last week, with a monthly amount glided 4.43%, 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.
The stock price of Olin Corp [OLN] has been fluctuating between $39.47 and $60.60 over the past year. Currently, Wall Street analysts expect the stock to reach $61 within the next 12 months. Olin Corp [NYSE: OLN] shares were valued at $42.70 at the most recent close of the market. An investor can expect a potential return of 42.86% based on the average OLN price forecast.
Analyzing the OLN fundamentals
The Olin Corp [NYSE:OLN] reported sales of 6.48B for trailing twelve months, representing a drop of -4.90%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.4.
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 42.30 points at the first support level, and at 41.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.09, and for the 2nd resistance point, it is at 43.48.
Ratios To Look Out For
It’s worth pointing out that Olin Corp [NYSE:OLN]’s Current Ratio is 1.40. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 34.68.
Transactions by insiders
Recent insider trading involved Sumner R Nichole, VP & Controller, that happened on Nov 08 ’24 when 10500.0 shares were sold. Officer, R. Nicole Sumner completed a deal on Nov 08 ’24 to buy 10500.0 shares. Meanwhile, Officer Sumner, R. Nichole bought 10500.0 shares on Aug 26 ’24.
