ODP Corporation [NASDAQ: ODP] traded at a low on Tuesday, posting a -2.37 loss after which it closed the day’ session at $13.99.
The results of the trading session contributed to over 5720397 shares changing hands. Over the past one week, the price volatility of ODP Corporation stands at 5.06% while the volatility over the past one month is 6.54%.
The market cap for ODP stock reached $417.16 million, with 29.81 million shares outstanding and 27.44 million shares in the current float. Compared to the average trading volume of 600.51K shares, ODP reached a trading volume of 5720397 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about ODP Corporation [ODP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ODP shares is $29.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ODP stock is a recommendation set at 2.33. 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.
Noble Capital Markets have made an estimate for ODP Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 23, 2023. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on June 23, 2023, representing the official price target for ODP Corporation stock. Previously, the target price had yet another raise to $57, while Colliers Securities analysts kept a Buy rating on ODP stock. On February 25, 2021, analysts increased their price target for ODP shares from 23 to 43.
The Average True Range (ATR) for ODP Corporation is set at 0.98, with the Price to Sales ratio for ODP stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 5.57. Price to Free Cash Flow for ODP in the course of the last twelve months was 13.04 with Quick ratio for the last quarter at 0.43.
How has ODP stock performed recently?
ODP Corporation [ODP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.51. With this latest performance, ODP shares dropped by -2.98% in over the last four-week period, additionally sinking by -52.37% over the last 6 months – not to mention a drop of -73.63% 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 ODP stock in for the last two-week period is set at 34.16, with the RSI for the last a single of trading hit 32.27, and the three-weeks RSI is set at 34.81 for ODP Corporation [ODP]. The present Moving Average for the last 50 days of trading for this stock 18.18, while it was recorded at 14.38 for the last single week of trading, and 27.54 for the last 200 days.
ODP Corporation [ODP]: Deeper insight into the fundamentals
ODP Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.93.
Earnings analysis for ODP Corporation [ODP]
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 ODP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ODP Corporation go to -10.71%.
Insider trade positions for ODP Corporation [ODP]
There are presently around $108.58%, or 115.18%% of ODP stock, in the hands of institutional investors. The top three institutional holders of ODP stocks are: BLACKROCK INC. with ownership of 5.24 million shares, which is approximately 14.9781%. VANGUARD GROUP INC, holding 4.01 million shares of the stock with an approximate value of $$157.58 million in ODP stocks shares; and VANGUARD GROUP INC, currently with $$116.99 million in ODP stock with ownership which is approximately 8.0518%.
