With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. The 52-week range on ODP shows that it touched its highest point at $58.13 and its lowest point at $17.74 during that stretch. It currently has a 1-year price target of $41.33. Beta for the stock currently stands at 1.53.
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 down-trending over the past week, with a drop of -1.13%, but this was down by -14.67% over a month. Three-month performance dropped to -25.79% while six-month performance fell -33.69%. The stock lost -63.12% in the past year, while it has lost -15.61% so far this year. A look at the trailing 12-month EPS for ODP yields -0.80 with Next year EPS estimates of 3.90. For the next quarter, that number is 0.80. This implies an EPS growth rate of -42.35% for this year and 20.88% for next year. EPS is expected to decline by -10.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.66%.
Float and Shares Shorts:
At present, 31.20 million ODP shares are outstanding with a float of 28.04 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 $3.27409 being high and $3.17182 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 $1.35 and the low estimate is $0.91. The average estimate for the next quarter is thus $1.15.
