Olin Corp. (NYSE:OLN) shares, rose in value on Friday, April 26, with the stock price down by -1.27% to the previous day’s close as strong demand from buyers drove the stock to $52.15.
Actively observing the price movement in the recent trading, the stock is buoying the session at $52.82. The PE ratio was 14.74 over 12-month period. Referring to stock’s 52-week performance, its high was $60.60, and the low was $41.71. On the whole, OLN has fluctuated by -10.47% over the past month.
The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 1.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.03B, with a low estimate of 1.64B and a high estimate of 1.87B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.75B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OLN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.69, with the price of OLN currently trading nearly -6.84% and -5.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.14, while the 7-day volatility ratio is showing 1.86% which for the 30-day chart, stands at 2.06%. Furthermore, Olin Corp. (OLN)’s beta value is 1.47, and its average true range (ATR) is 1.33.
A comparison of Olin Corp. (OLN) with its peers suggests the former has fared considerably weaker in the market. OLN showed an intraday change of -1.27% in today’s session so far, and over the past year, it shrunk by -1.84%%.
Data on historical trading for Olin Corp. (NYSE:OLN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 120.20 million shares outstanding.
Nearly 0.45% of Olin Corp.’s shares belong to company insiders and institutional investors own 89.32% of the company’s shares. The stock has fallen by -3.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OLN stock heading into the next quarter.
