Heavy Early Morning Activity On Olin (OLN)
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Olin as such a stock due to the following factors:
- OLN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $39.9 million.
- OLN traded 643,506 shares today in the pre-market hours as of 9:07 AM, representing 34.3% of its average daily volume.
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More details on OLN:
Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The stock currently has a dividend yield of 3.1%. Currently there are 4 analysts that rate Olin a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Olin has been 3.0 million shares per day over the past 30 days. Olin has a market cap of $4.3 billion and is part of the basic materials sector and chemicals industry. The stock has a beta of 1.44 and a short float of 11.5% with 9.55 days to cover. Shares are up 52.3% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Olin as a
. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
Highlights from the ratings report include:
- Compared to its price level of one year ago, OLN is up 0.07% to its most recent closing price of 25.60. Looking ahead, our view is that this company's fundamentals should not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
- OLN's very impressive revenue growth greatly exceeded the industry average of 5.5%. Since the same quarter one year prior, revenues leaped by 160.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has significantly increased by 589.58% to $47.00 million when compared to the same quarter last year. In addition, OLIN CORP has also vastly surpassed the industry average cash flow growth rate of 75.87%.
- The gross profit margin for OLIN CORP is rather low; currently it is at 22.44%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -2.81% is significantly below that of the industry average.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Chemicals industry. The net income has significantly decreased by 389.3% when compared to the same quarter one year ago, falling from $13.10 million to -$37.90 million.
- You can view the full Olin Ratings Report.
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