Olin Corporation (NYSE:OLN) has a beta value of 1.33 and has seen 2,021,246 shares traded in the last trading session. The company, currently valued at $7.12 Billion, closed the last trade at $44.75 per share which meant it gained $1.72 on the day or 4% during that session. The OLN stock price is -1.5% off its 52-week high price of $45.42 and 78.39% above the 52-week low of $9.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.48 Million shares traded. The 3-month trading volume is 1.54 Million shares.
The consensus among analysts is that Olin Corporation (OLN) is an Overweight stock at the moment, with a recommendation rating of 2.1. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 15 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.3.
Olin Corporation (NYSE:OLN) trade information
Sporting 4% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the OLN stock price touched $45.42- or saw a rise of 1.48%. Year-to-date, Olin Corporation shares have moved 82.21%, while the 5-day performance has seen it change 7.62%. Over the past 30 days, the shares of Olin Corporation (NYSE:OLN) have changed 13.98%. Short interest in the company has seen 2.71 Million shares shorted with days to cover at 1.76.
Wall Street analysts have a consensus price target for the stock at $52.71, which means that the shares’ value could jump 17.79% from current levels. The projected low price target is $45 while the price target rests at a high of $64. In that case, then, we find that the current price level is +43.02% off the targeted high while a plunge would see the stock lose 0.56% from current levels.
Olin Corporation (OLN) estimates and forecasts
Figures show that Olin Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +165.26% over the past 6 months, with this year growth rate of 441.48%, compared to 19.5% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 316.7% and 4833.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +37.7%.
9 analysts offering their estimates for the company have set an average revenue estimate of $2.08 Billion for the current quarter. 9 have an estimated revenue figure of $2.04 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $1.24 Billion and $1.44 Billion respectively for this quarter and the next, and analysts expect sales will grow by 67.6% for the current quarter and 41.6% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +6.37% over the past 5 years. Earnings growth for 2021 is a modest +540.5% while over the next 5 years, the company’s earnings are expected to increase by 2.3%.
Olin Corporation is expected to release its next earnings report between August 03 and August 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.8 at a share yield of 1.82%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.67%.
Olin Corporation (NYSE:OLN)’s Major holders
Insiders own 0.47% of the company shares, while shares held by institutions stand at 86.11% with a share float percentage of 86.52%. Investors are also buoyed by the number of investors in a company, with Olin Corporation having a total of 385 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 23.68 Million shares worth more than $581.56 Million. As of December 30, 2020, FMR, LLC held 14.87% of shares outstanding.
The other major institutional holder is Sachem Head Capital Management, LP, with the holding of over 14.95 Million shares as of December 30, 2020. The firm’s total holdings are worth over $367.17 Million and represent 9.39% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Series Stock Selector Large Cap Value Fund and Vanguard Total Stock Market Index Fund. As of February 27, 2021, the former fund manager holds about 2.61% shares in the company for having 4148251 shares of worth $128.35 Million while later fund manager owns 4.04 Million shares of worth $99.18 Million as of December 30, 2020, which makes it owner of about 2.54% of company’s outstanding stock.