ODP Corporation (NASDAQ:ODP) price on current trading day, fall -21.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.02.
A look at the stock’s price movement, the close in the last trading session was $19.19. Turning to its 52-week performance, $58.13 and $17.74 were the 52-week high and 52-week low respectively. Overall, ODP moved -36.54% over the past month.
ODP Corporation’s market cap currently stands at around $452.38 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.72B for the company’s revenue for the quarter, with a low and high estimate of 1.6B and 1.82B respectively. The average forecast suggests down to a -8.25% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.79B, representing a -2.89% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ODP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 2 recommend ODP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ODP’s current price about -25.75% and -33.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 21.01, while 7-day volatility ratio is 10.63% and 5.81% in the 30-day chart. Further, ODP Corporation (ODP) has a beta value of 1.53, and an average true range (ATR) of 1.33.
If we refocus on ODP Corporation (NASDAQ:ODP), historical trading data shows that trading volumes averaged 499.79K over the past 3 months. The company’s latest data on shares outstanding shows there are 31.20 million shares.
The 6.89% of ODP Corporation’s shares are in the hands of company insiders while institutional holders own 100.85% of the company’s shares. Current price change has pushed the stock -33.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ODP stock continues to rise going into the next quarter.
