Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of ODP Corporation (NASDAQ: ODP) was $13.63 for the day, down -2.15% from the previous closing price of $13.93. In other words, the price has decreased by -$2.15 from its previous closing price. On the day, 0.66 million shares were traded.
Ratios:
Our analysis of ODP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.93. In the meantime, Its Debt-to-Equity ratio is 1.64 whereas as Long-Term Debt/Eq ratio is at 1.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Noble Capital Markets on August 23, 2023, initiated with a Outperform rating and assigned the stock a target price of $65.
On June 23, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $60.
On January 28, 2022, Colliers Securities started tracking the stock assigning a Buy rating and target price of $57.Colliers Securities initiated its Buy rating on January 28, 2022, with a $57 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 09 ’24 when Schoppert Wendy Lee bought 3,875 shares for $25.77 per share. The transaction valued at 99,859 led to the insider holds 3,875 shares of the business.
Valuation Measures:
As of this moment, ODP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.33, and their Forward P/E ratio for the next fiscal year is 5.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.06 while its Price-to-Book (P/B) ratio in mrq is 0.50.
Stock Price History:
Over the past 52 weeks, ODP has reached a high of $52.60, while it has fallen to a 52-week low of $11.85. The 50-Day Moving Average of the stock is -5.21%, while the 200-Day Moving Average is calculated to be -44.20%.
Shares Statistics:
A total of 29.81M shares are outstanding, with a floating share count of 27.44M. Insiders hold about 7.98% of the company’s shares, while institutions hold 99.82% stake in the company.
