Olin Corporation [OLN] is -26.67% lower this YTD. Is it still time to buy?

Olin Corporation [NYSE: OLN] stock went on a downward path that fall over -1.79% on Thursday, amounting to a one-week price decrease of less than -0.86%. Over the last 12 months, OLN stock dropped by -38.56%. The one-year Olin Corporation stock forecast points to a potential upside of 13.18. The average equity rating for OLN stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.94 billion, with 157.80 million shares outstanding and 154.64 million shares in the current float. Compared to the average trading volume of 2.76M shares, OLN stock reached a trading volume of 1709518 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Olin Corporation [OLN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OLN shares is $14.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OLN stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Vertical Research have made an estimate for Olin Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 01, 2020. The new note on the price target was released on March 26, 2020, representing the official price target for Olin Corporation stock. Previously, the target price had yet another drop from $16 to $7, while RBC Capital Mkts kept a Underperform rating on OLN stock.

The Average True Range (ATR) for Olin Corporation is set at 0.87, with the Price to Sales ratio for OLN stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 1.27.

OLN Stock Performance Analysis:

Olin Corporation [OLN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.86. With this latest performance, OLN shares gained by 11.75% in over the last four-week period, additionally sinking by -25.89% over the last 6 months – not to mention a drop of -38.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OLN stock in for the last two-week period is set at 47.33, with the RSI for the last a single of trading hit 44.52, and the three-weeks RSI is set at 48.60 for Olin Corporation [OLN]. The present Moving Average for the last 50 days of trading for this stock 12.98, while it was recorded at 12.95 for the last single week of trading, and 15.72 for the last 200 days.

Insight into Olin Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Olin Corporation [OLN] shares currently have an operating margin of +4.73 and a Gross Margin at +11.49. Olin Corporation’s Net Margin is presently recorded at -0.18.

Return on Total Capital for OLN is now 4.74, given the latest momentum, and Return on Invested Capital for the company is -0.19. Return on Equity for this stock declined to -0.43, with Return on Assets sitting at -0.12. When it comes to the capital structure of this company, Olin Corporation [OLN] has a Total Debt to Total Equity ratio set at 154.02. Additionally, OLN Total Debt to Total Capital is recorded at 60.63, with Total Debt to Total Assets ending up at 40.53. Long-Term Debt to Equity for the company is recorded at 150.66, with the Long-Term Debt to Total Capital now at 59.31.

Reflecting on the efficiency of the workforce at the company, Olin Corporation [OLN] managed to generate an average of -$1,738 per employee. Receivables Turnover for the company is 7.85 with a Total Asset Turnover recorded at a value of 0.67.Olin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

OLN Stock EPS

With the latest financial reports released by the company, Olin Corporation posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OLN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Olin Corporation go to 2.70%.

Olin Corporation [OLN] Insider Position Details

There are presently around $1,926 million, or 95.70% of OLN stock, in the hands of institutional investors. The top three institutional holders of OLN stocks are: FMR LLC with ownership of 20,730,898, which is approximately -5.397% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 18,843,475 shares of the stock with an approximate value of $242.7 million in OLN stocks shares; and VANGUARD GROUP INC, currently with $202.61 million in OLN stock with ownership of nearly 3.468% of the company’s market capitalization.

Positions in Olin Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 130 institutional holders increased their position in Olin Corporation [NYSE:OLN] by around 28,117,965 shares. Additionally, 165 investors decreased positions by around 19,056,770 shares, while 51 investors held positions by with 102,391,909 shares. The mentioned changes placed institutional holdings at 149,566,644 shares, according to the latest SEC report filing. OLN stock had 40 new institutional investments in for a total of 18,139,480 shares, while 67 institutional investors sold positions of 3,942,260 shares during the same period.

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