ODP Corporation (NASDAQ: ODP) is -36.50% lower on its value in year-to-date trading and has touched a low of $13.44 and a high of $53.56 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 ODP stock was last observed hovering at around $14.82 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $14.44, the stock is -5.90% and -23.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -2.56% at the moment leaves the stock -48.26% off its SMA200. ODP registered -71.97% loss for a year compared to 6-month loss of -50.73%. The firm has a 50-day simple moving average (SMA 50) of $18.8052 and a 200-day simple moving average (SMA200) of $27.90865.
The stock witnessed a -3.86% gain in the last 1 month and extending the period to 3 months gives it a -40.43%, and is -2.37% 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 4.92% over the week and 6.92% over the month.
ODP Corporation (ODP) has around 19000 employees, a market worth around $430.58M and $6.99B in sales. Current P/E ratio is 30.01 and Fwd P/E is 5.38. Profit margin for the company is 0.17%. Distance from 52-week low is 7.44% and -73.04% from its 52-week high. The company has generated returns on investments over the last 12 months (0.65%).
with sales reaching $1.67B over the same period.The EPS is expected to shrink by -23.13% this year, but quarterly earnings will post -5.93% year-over-year. Quarterly sales are estimated to shrink -10.87% in year-over-year returns.
286.0 institutions hold shares in ODP Corporation (ODP), with institutional investors hold 115.14% of the company’s shares. The shares outstanding are 29.81M, and float is at 27.43M with Short Float at 19.20%. Institutions hold 108.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.24 million shares valued at $205.87 million. The investor’s holdings represent 14.9781 of the ODP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.01 million shares valued at $157.58 million to account for 10.8451 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.98 million shares representing 8.0518 and valued at over $116.99 million, while DME CAPITAL MANAGEMENT, LP holds 6.3499 of the shares totaling 2.22 million with a market value of $87.28 million.
ODP Corporation (ODP) Insider Activity
The most recent transaction is an insider purchase by Schoppert Wendy Lee, the company’s Director. SEC filings show that Schoppert Wendy Lee bought 3,875 shares of the company’s common stock on Aug 09 ’24 at a price of $25.77 per share for a total of $99859.0. Following the purchase, the insider now owns 3875.0 shares.
