Olin Corp (NYSE: OLN) is -5.95% lower on its value in year-to-date trading and has touched a low of $31.93 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 $32.13 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $31.79, the stock is -7.54% and -18.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -1.06% at the moment leaves the stock -31.53% off its SMA200. OLN registered -40.32% loss for a year compared to 6-month loss of -31.55%. The firm has a 50-day simple moving average (SMA 50) of $39.05 and a 200-day simple moving average (SMA200) of $46.4286.
The stock witnessed a -22.97% gain in the last 1 month and extending the period to 3 months gives it a -31.38%, and is -5.95% 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 3.63% over the week and 3.33% over the month.
Olin Corp (OLN) has around 7326 employees, a market worth around $3.71B and $6.48B in sales. Current P/E ratio is 25.82 and Fwd P/E is 12.21. Profit margin for the company is 2.33%. Distance from 52-week low is -0.44% and -47.54% from its 52-week high. The company has generated returns on investments over the last 12 months (2.97%).
The EPS is expected to shrink by -75.86% this year
508.0 institutions hold shares in Olin Corp (OLN), with institutional investors hold 90.55% of the company’s shares. The shares outstanding are 116.60M, and float is at 116.12M with Short Float at 2.45%. Institutions hold 90.31% 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
The most recent transaction is an insider sale by Sumner R Nichole, the company’s VP & Controller. SEC filings show that Sumner R Nichole sold 10,500 shares of the company’s common stock on Nov 08 ’24 at a price of $43.75 per share for a total of $0.46 million. Following the sale, the insider now owns 24056.0 shares.
Still, SEC filings show that on Aug 26 ’24, Sumner, R. Nichole (Officer) Proposed Sale 10,500 shares at an average price of $42.77 for $0.45 million. The insider now directly holds shares of Olin Corp (OLN).
