Olin Corp. (NYSE: OLN) on Tuesday, plunged -0.75% from the previous trading day, before settling in for the closing price of $46.52. Within the past 52 weeks, OLN’s price has moved between $41.71 and $60.60.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 3.01%. The company achieved an average annual earnings per share of -11.17%. With a float of $118.94 million, this company’s outstanding shares have now reached $120.20 million.
Let’s determine the extent of company efficiency that accounts for 7326 employees.
Olin Corp. (OLN) Insider Activity
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Olin Corp. is 0.40%, while institutional ownership is 88.41%. The most recent insider transaction that took place on Feb 27 ’24, was worth 2,561,516. In this transaction President & CEO of this company sold 48,896 shares at a rate of $52.39, taking the stock ownership to the 90,327 shares. Before that another transaction happened on Feb 27 ’24, when Company’s VP & Pres, Winchester sold 10,000 for $52.20, making the entire transaction worth $521,988. This insider now owns 77,763 shares in total.
Olin Corp. (OLN) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -11.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.20% during the next five years compared to 12.91% growth over the previous five years of trading.
Olin Corp. (NYSE: OLN) Trading Performance Indicators
Olin Corp. (OLN) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.83. Likewise, its price to free cash flow for the trailing twelve months is 6.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.77, a number that is poised to hit 0.73 in the next quarter and is forecasted to reach 5.77 in one year’s time.
Technical Analysis of Olin Corp. (OLN)
Looking closely at Olin Corp. (NYSE: OLN), its last 5-days average volume was 1.75 million, which is a jump from its year-to-date volume of 1.04 million. As of the previous 9 days, the stock’s Stochastic %D was 7.07%. Additionally, its Average True Range was 1.17.
During the past 100 days, Olin Corp.’s (OLN) raw stochastic average was set at 1.03%, which indicates a significant decrease from 2.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.34% in the past 14 days, which was lower than the 24.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.31, while its 200-day Moving Average is $51.41. However, in the short run, Olin Corp.’s stock first resistance to watch stands at $46.63. Second resistance stands at $47.10. The third major resistance level sits at $47.40. If the price goes on to break the first support level at $45.86, it is likely to go to the next support level at $45.56. Should the price break the second support level, the third support level stands at $45.09.
Olin Corp. (NYSE: OLN) Key Stats
Market capitalization of the company is 5.51 billion based on 119,421K outstanding shares. Right now, sales total 6,833 M and income totals 460,200 K. The company made 1,635 M in profit during its latest quarter, and 48,600 K in sales during its previous quarter.
