Olin Corporation (NYSE: OLN) is -5.86% lower on its value in year-to-date trading and has touched a low of $41.33 and a high of $67.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OLN stock was last observed hovering at around $52.75 in the last trading session, with the day’s loss setting it -2.91% off its average median price target of $70.00 for the next 12 months. It is also 44.62% off the consensus price target high of $90.00 offered by 17 analysts, but current levels are 0.32% higher than the price target low of $50.00 for the same period.
Currently trading at $49.84, the stock is -7.49% and -8.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.43 million and changing -5.52% at the moment leaves the stock -8.59% off its SMA200. OLN registered -19.83% loss for a year compared to 6-month loss of -13.97%. The firm has a 50-day simple moving average (SMA 50) of $1.15 and a 200-day simple moving average (SMA200) of $4.81.
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The stock witnessed a -6.19% gain in the last 1 month and extending the period to 3 months gives it a -16.47%, and is -8.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 2.95% over the month.
Olin Corporation (OLN) has around 7780 employees, a market worth around $6.47B and $8.76B in sales. Current P/E ratio is 6.62 and Fwd P/E is 6.55. Profit margin for the company is 12.40%. Distance from 52-week low is 20.59% and -25.89% from its 52-week high. The company has generated returns on investments over the last 12 months (27.90%).
Olin Corporation (OLN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Olin Corporation (OLN) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.10, where 2 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Olin Corporation is expected to release its quarterly report on 07/26/2023.The EPS is expected to grow by 12.30% this year
Olin Corporation (OLN) Top Institutional Holders
The shares outstanding are 131.00M, and float is at 127.98M with Short Float at 2.88%.
Olin Corporation (OLN) Insider Activity
A total of 27 insider transactions have happened at Olin Corporation (OLN) in the last six months, with sales accounting for 10 and purchases happening 17 times. The most recent transaction is an insider sale by PETERS VALERIE A, the company’s VP, HR. SEC filings show that PETERS VALERIE A sold 46 shares of the company’s common stock on May 10 at a price of $54.07 per share for a total of $2477.0. Following the sale, the insider now owns 4108.0 shares.
Olin Corporation disclosed in a document filed with the SEC on Feb 16 that Gumpel Damian (VP & Pres, Epoxy & Corp Strat.) sold a total of 13,000 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $62.65 per share for $0.81 million. Following the transaction, the insider now directly holds 17155.0 shares of the OLN stock.
Still, SEC filings show that on Feb 01, Alderman Heidi S (Director) disposed off 2,000 shares at an average price of $64.01 for $0.13 million. The insider now directly holds 0 shares of Olin Corporation (OLN).
Olin Corporation (OLN): Who are the competitors?
The company’s main competitors (and peers) include Dow Inc. (DOW) that is -24.90% lower over the past 12 months. DuPont de Nemours Inc. (DD) is 2.92% up on the 1-year trading charts.