Olin Corp. (NYSE: OLN) is -12.88% 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 $47.41 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $47.00, the stock is -0.24% and 5.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -0.86% at the moment leaves the stock -6.41% off its SMA200. OLN registered -1.98% loss for a year compared to 6-month loss of -12.30%. The firm has a 50-day simple moving average (SMA 50) of $44.4024 and a 200-day simple moving average (SMA200) of $50.2215.
The stock witnessed a 4.63% gain in the last 1 month and extending the period to 3 months gives it a -2.55%, and is -0.86% 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 2.12% over the week and 2.42% over the month.
Olin Corp. (OLN) has around 7326 employees, a market worth around $5.52B and $6.57B in sales. Current P/E ratio is 20.76 and Fwd P/E is 12.82. Profit margin for the company is 4.26%. Distance from 52-week low is 19.08% and -22.44% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
The EPS is expected to shrink by -59.96% this year.
Olin Corp. (OLN) Top Institutional Holders
557.0 institutions hold shares in Olin Corp. (OLN), with institutional investors hold 91.30% of the company’s shares. The shares outstanding are 120.20M, and float is at 117.06M with Short Float at 2.19%. Institutions hold 91.05% 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
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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).
