Olin Corp. (NYSE: OLN) is -9.23% lower on its value in year-to-date trading and has touched a low of $39.47 and a high of $60.60 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 $48.52 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $48.97, the stock is 13.06% and 12.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing 0.93% at the moment leaves the stock -3.32% off its SMA200. OLN registered 2.23% gain for a year compared to 6-month loss of -16.72%. The firm has a 50-day simple moving average (SMA 50) of $43.6684 and a 200-day simple moving average (SMA200) of $50.6463.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 13.38% gain in the last 1 month and extending the period to 3 months gives it a 3.86%, and is 11.04% up 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 2.96% over the week and 2.75% over the month.
Olin Corp. (OLN) has around 7326 employees, a market worth around $5.76B and $6.57B in sales. Current P/E ratio is 21.63 and Fwd P/E is 12.87. Profit margin for the company is 4.26%. Distance from 52-week low is 24.07% and -19.19% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
with sales reaching $1.58B over the same period.The EPS is expected to shrink by -59.20% this year, but quarterly earnings will post -4.70% year-over-year.
Olin Corp. (OLN) Top Institutional Holders
564.0 institutions hold shares in Olin Corp. (OLN), with institutional investors hold 91.46% of the company’s shares. The shares outstanding are 120.20M, and float is at 117.06M with Short Float at 2.50%. Institutions hold 91.17% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.78 million shares valued at $555.63 million. The investor’s holdings represent 9.8284% of the OLN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.66 million shares valued at $549.75 million to account for 9.7245 of the shares outstanding. The other top investors are FMR LLC which holds 10.26 million shares representing 8.5545% and valued at over $483.61 million, while HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC holds 6.9288 of the shares totaling 8.31 million with a market value of $391.71 million.
Olin Corp. (OLN) Insider Activity
#####
Olin Corp. disclosed in a document filed with the SEC on Feb 27 ’24 that Sutton Scott McDougald (President & CEO) sold a total of 48,896 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $52.39 per share for $2.56 million. Following the transaction, the insider now directly holds 90327.0 shares of the OLN stock.
Still, SEC filings show that on Feb 26 ’24, Sutton Scott McDougald (President & CEO) disposed off 16,924 shares at an average price of $52.56 for $0.89 million. The insider now directly holds 90,327 shares of Olin Corp. (OLN).
