The ODP Corporation (NASDAQ:ODP) Relative Strength Index (RSI) is 55.31, with weekly volatility at 4.91% and ATR at 2.19. The ODP stock’s 52-week price range has touched low of $17.86 and a $51.40 high. Intraday shares traded counted 0.47 million, which was -20.08% lower than its 30-day average trading volume of 393.94K. Its shares traded lower over the last trading session, losing -3.26% on 06/17/21. The shares fell to a low of $47.00 before closing at $47.49. ODP’s previous close was $49.09 while the outstanding shares total 53.00M. The firm has a beta of 2.13.
Investors have identified the Specialty Retail company The ODP Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.54 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The ODP Corporation (ODP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2.44 billion total, with 2.13 billion as their total liabilities.
ODP were able to record 73.0 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 24.0 million. In cash movements, the company had a total of 86.0 million as operating cash flow.
Potential earnings growth for The ODP Corporation (ODP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, The ODP Corporation recorded a total of 2.37 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -15.17% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 3.3%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.83 billion trying to sell their products during the last quarter, with the result yielding a gross income of 534.0 million. This allows shareholders to hold on to 53.00M with the recently reported earning now reading 1.00 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (1.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.78 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ODP sounds very interesting.
Is the stock of ODP attractive?
In related news, EVP – Business Solutions Div, Mohan Stephen M. sold 5,500 shares of the company’s stock in a transaction that recorded on May 17. The sale was performed at an average price of 44.45, for a total value of 244,470. As the sale deal closes, the EVP, Chief Retail Officer, MOFFITT KEVIN now sold 11,000 shares of the company’s stock, valued at 497,805. Also, SVP & Chief Accounting Officer, HAAS RICHARD A. JR sold 5,000 shares of the company’s stock in a deal that was recorded on May 07. The shares were price at an average price of 44.26 per share, with a total market value of 221,310. Following this completion of acquisition, the EVP-Chief Legal-Admin Officer, Bleisch N. David now holds 28,113 shares of the company’s stock, valued at 1,149,365. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.30%.
1 out of 5 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on The ODP Corporation. 0 analysts has assigned a Sell rating on the ODP stock. The 12-month mean consensus price target for the company’s shares has been set at $57.50.