With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. The 52-week range on ODP shows that it touched its highest point at $49.06 and its lowest point at $11.85 during that stretch. It currently has a 1-year price target of $29.33. Beta for the stock currently stands at 1.27.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ODP was up-trending over the past week, with a rise of 10.94%, but this was up by 27.65% over a month. Three-month performance dropped to -28.58% while six-month performance fell -50.51%. The stock lost -70.49% in the past year, while it has lost -32.19% so far this year. A look at the trailing 12-month EPS for ODP yields -0.88 with Next year EPS estimates of 2.70. For the next quarter, that number is 0.32. This implies an EPS growth rate of -20.08% for this year and 2.33% for next year. EPS is expected to decline by -10.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.27%.
Float and Shares Shorts:
At present, 30.07 million ODP shares are outstanding with a float of 27.44 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ODP since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.26814 being high and $3.17384 being low. For ODP, this leads to a yearly average estimate of $3.2285. Based on analyst estimates, the high estimate for the next quarter is $1.05 and the low estimate is $0.72. The average estimate for the next quarter is thus $0.89.
