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Olin Corporation’s (OLN) stock gains from its growth run-up

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Citigroup raised the price target for the Olin Corporation (NYSE:OLN) stock from “a Neutral” to “a Buy”. The rating was released on April 15, 2021. We previously noted in another research note published on March 26, 2021 by RBC Capital Mkts that upgraded the stock from a Sector perform to an Outperform with a price target of $56 for OLN stock. The research report from Tudor Pickering has upgraded the stock from Hold to Buy, with a price target set at $47. The stock was upgraded by JP Morgan, who disclosed in a research note on February 01, 2021, from Neutral to Overweight and set the price objective to $30. In their research brief published December 17, 2020, KeyBanc Capital Markets analysts upgraded the Olin Corporation stock from Sector Weight to Overweight with a price target of $31.


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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.09 during the last quarter as opposed to a consensus estimate of -$0.09, which indicates the company missed its estimate by $0, which implies that the company surprised the market by 0.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $1.28. This is an average of 13 analysts’ earnings, where the high earnings per share estimate is $1.54 and the low earnings per share estimate is $0.21. According to 8 analyst estimates, an average revenue estimate of $1.93B is projected for the current quarter with a high revenue estimate of $2.31B and a low estimate of $1.78B.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Olin Corporation (NYSE:OLN) raised 3.57% to close Friday’s market session at $40.94, higher as compared to yesterday’s close. The stock price fluctuated between $39.21 and $41.24 throughout the trading session with the volume trading being 1545126 shares, which represented a significant variation when compared to the three months average volume of 1.56 million shares. The firm’s stock price fluctuated -2.50% within the last five trades and 14.01% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 146.78% in the last 6 months and 57.89% was added to its value over the previous 3 months. OLN stock is trading at a margin of 3.18%, 15.82% and 84.00% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, OLN deals in the Basic Materials domain. The stock is trading -5.50 percent below its 52-week high and 323.37 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 255.98. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Olin Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -13.00 percent and the profit margin is -16.80 percent, and the company has reported a gross margin of 6.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $6.52 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.96. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.13 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.46, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Olin Corporation shares are owned by insiders, and 87.70 percent are held by financial institutions. FLAUGHER BRETT A, the VP & Pres, Winchester at Olin Corporation (OLN) has sold 8,000 shares of firm on Nov 10 at a price of $21.78 against the total amount of $0.17 million. In another inside trade, Slater Todd A, VP & CFO of Olin Corporation (NYSE:OLN) sold 13,000 shares of the firm on Nov 10 for a total worth of $0.29 million at a price of $22.16. An inside trade which took place on Aug 20, Director of Olin Corporation Sutton Scott McDougald bought 10,000 shares of firm against total price of $100000.0 at the cost of $10.00 per share.

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