Olin Corporation [NYSE: OLN] stock went on an upward path that rose over 4.45% on Wednesday, amounting to a one-week price increase of more than 4.35%. The company report on July 28, 2021 that Olin Announces Second Quarter 2021 Results.
Second Quarter 2021 Highlights.
Over the last 12 months, OLN stock rose by 290.30%. The one-year Olin Corporation stock forecast points to a potential upside of 19.89. The average equity rating for OLN stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.41 billion, with 158.60 million shares outstanding and 158.50 million shares in the current float. Compared to the average trading volume of 1.34M shares, OLN stock reached a trading volume of 2405898 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 $57.73 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 2.00. 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.
BofA Securities have made an estimate for Olin Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2021. The new note on the price target was released on June 15, 2021, representing the official price target for Olin Corporation stock. Previously, the target price had yet another raise from $55 to $69, while Wells Fargo kept a Overweight rating on OLN stock.
The Average True Range (ATR) for Olin Corporation is set at 1.73, with the Price to Sales ratio for OLN stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 4.32, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for OLN in the course of the last twelve months was 22.02 with Quick ratio for the last quarter at 1.10.
OLN Stock Performance Analysis:
Olin Corporation [OLN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.35. With this latest performance, OLN shares dropped by -0.49% in over the last four-week period, additionally plugging by 93.92% over the last 6 months – not to mention a rise of 290.30% 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 56.93, with the RSI for the last a single of trading hit 63.28, and the three-weeks RSI is set at 54.38 for Olin Corporation [OLN]. The present Moving Average for the last 50 days of trading for this stock 46.19, while it was recorded at 44.37 for the last single week of trading, and 33.62 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 -0.72 and a Gross Margin at +6.92. Olin Corporation’s Net Margin is presently recorded at -16.84.
Return on Total Capital for OLN is now -0.70, given the latest momentum, and Return on Invested Capital for the company is -16.67. Return on Equity for this stock declined to -50.15, with Return on Assets sitting at -11.11. When it comes to the capital structure of this company, Olin Corporation [OLN] has a Total Debt to Total Equity ratio set at 291.57. Additionally, OLN Total Debt to Total Capital is recorded at 74.46, with Total Debt to Total Assets ending up at 51.14. Long-Term Debt to Equity for the company is recorded at 284.61, with the Long-Term Debt to Total Capital now at 72.68.
Reflecting on the efficiency of the workforce at the company, Olin Corporation [OLN] managed to generate an average of -$121,237 per employee. Receivables Turnover for the company is 7.38 with a Total Asset Turnover recorded at a value of 0.66.Olin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.
OLN Stock EPS
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 2.30%.
Olin Corporation [OLN] Insider Position Details
There are presently around $6,319 million, or 87.30% of OLN stock, in the hands of institutional investors. The top three institutional holders of OLN stocks are: FMR LLC with ownership of 23,755,227, which is approximately 0.321% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 15,063,498 shares of the stock with an approximate value of $696.69 million in OLN stocks shares; and SACHEM HEAD CAPITAL MANAGEMENT LP, currently with $691.44 million in OLN stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Olin Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 159 institutional holders increased their position in Olin Corporation [NYSE:OLN] by around 9,347,849 shares. Additionally, 138 investors decreased positions by around 8,386,184 shares, while 55 investors held positions by with 118,903,376 shares. The mentioned changes placed institutional holdings at 136,637,409 shares, according to the latest SEC report filing. OLN stock had 60 new institutional investments in for a total of 2,423,065 shares, while 32 institutional investors sold positions of 714,215 shares during the same period.