On Tuesday, Olin Corp (NYSE: OLN) opened lower -3.51% from the last session, before settling in for the closing price of $43.59. Price fluctuations for OLN have ranged from $39.47 to $60.60 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 3.01% over the past five years. Company’s average yearly earnings per share was noted -74.81% at the time writing. With a float of $116.12 million, this company’s outstanding shares have now reached $120.20 million.
Let’s look at the performance matrix of the company that is accounted for 7326 employees. In terms of profitability, gross margin is 11.49%, operating margin of 5.2%, and the pretax margin is 2.96%.
Olin Corp (OLN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Chemicals industry is another important factor to consider. The insider ownership of Olin Corp is 0.41%, while institutional ownership is 88.40%. The most recent insider transaction that took place on Nov 08 ’24, was worth 459,412. In this transaction VP & Controller of this company sold 10,500 shares at a rate of $43.75, taking the stock ownership to the 24,056 shares. Before that another transaction happened on Nov 08 ’24, when Company’s Officer proposed sale 10,500 for $41.77, making the entire transaction worth $438,585.
Olin Corp (OLN) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.18) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -74.81% per share during the next fiscal year.
Olin Corp (NYSE: OLN) Trading Performance Indicators
Check out the current performance indicators for Olin Corp (OLN). In the past quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 8.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.23, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 2.81 in one year’s time.
Technical Analysis of Olin Corp (OLN)
Olin Corp (NYSE: OLN) saw its 5-day average volume 1.01 million, a negative change from its year-to-date volume of 1.2 million. As of the previous 9 days, the stock’s Stochastic %D was 67.86%. Additionally, its Average True Range was 1.24.
During the past 100 days, Olin Corp’s (OLN) raw stochastic average was set at 22.96%, which indicates a significant decrease from 38.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.59% in the past 14 days, which was lower than the 35.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.50, while its 200-day Moving Average is $48.96. Nevertheless, the first resistance level for the watch stands at $43.09 in the near term. At $44.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.76. If the price goes on to break the first support level at $41.42, it is likely to go to the next support level at $40.78. The third support level lies at $39.75 if the price breaches the second support level.
Olin Corp (NYSE: OLN) Key Stats
There are currently 116,596K shares outstanding in the company with a market cap of 4.90 billion. Presently, the company’s annual sales total 6,833 M according to its annual income of 460,200 K. Last quarter, the company’s sales amounted to 1,590 M and its income totaled -24,900 K.
