While Olin Corp. has overperformed by 0.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OLN fell by -3.14%, with highs and lows ranging from $60.60 to $39.47, whereas the simple moving average fell by -6.57% in the last 200 days.
On September 03, 2024, BMO Capital Markets started tracking Olin Corp. (NYSE: OLN) recommending Market Perform. A report published by Mizuho on August 08, 2024, Initiated its previous ‘Neutral’ rating for OLN. JP Morgan also Upgraded OLN shares as ‘Overweight’, setting a target price of $55 on the company’s shares in a report dated July 29, 2024. BofA Securities July 29, 2024d the rating to Neutral on July 29, 2024, and set its price target from $62 to $51. Deutsche Bank initiated its ‘Hold’ rating for OLN, as published in its report on December 07, 2023. Citigroup’s report from November 13, 2023 suggests a price prediction of $50 for OLN shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Olin Corp. (OLN)
Investors in Olin Corp. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.80 per share. Further, the quarter-over-quarter decrease in sales is -3.45%, showing a negative trend in the upcoming months.
One of the most important indicators of Olin Corp.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 12.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.82, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and OLN is recording 1.34M average volume. On a monthly basis, the volatility of the stock is set at 2.63%, whereas on a weekly basis, it is put at 2.46%, with a gain of 0.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.56, showing growth from the present price of $47.12, which can serve as yet another indication of whether OLN is worth investing in or should be passed over.
How Do You Analyze Olin Corp. Shares?
The Chemicals market is dominated by Olin Corp. (OLN) based in the USA. When comparing Olin Corp. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.81, there is a growth in quarterly earnings of -45.20%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.41%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.27% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OLN shares are owned by institutional investors to the tune of 89.27% at present.
