Currently, there are 36.96M common shares owned by the public and among those 34.64M shares have been available to trade.
The company’s stock has a 5-day price change of 1.46% and -21.34% over the past three months. ODP shares are trading -29.70% year to date (YTD), with the 12-month market performance down to -5.20% lower. It has a 12-month low price of $37.24 and touched a high of $58.98 over the same period. ODP has an average intraday trading volume of 406.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.59%, -11.35%, and -18.09% respectively.
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Institutional ownership of ODP Corporation (NASDAQ: ODP) shares accounts for 98.27% of the company’s 36.96M shares outstanding.
It has a market capitalization of $1.42B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 19.11, while the earnings-per-share (ttm) stands at $2.07. The company has a PEG of 1.55 and a Quick Ratio of 0.49 with the debt-to-equity ratio at 0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.79% over the week and 2.51% over the month.
Earnings per share for the fiscal year are expected to increase by 13.71%, and 17.41% over the next financial year. EPS should shrink at an annualized rate of 12.30% over the next five years, compared to 12.66% over the past 5-year period.
Looking at the support for the ODP, a number of firms have released research notes about the stock. Noble Capital Markets stated their Outperform rating for the stock in a research note on August 23, 2023, with the firm’s price target at $65. B. Riley Securities coverage for the ODP Corporation (ODP) stock in a research note released on June 23, 2023 offered a Buy rating with a price target of $60. Colliers Securities was of a view on January 28, 2022 that the stock is Buy, while UBS gave the stock Neutral rating on February 25, 2021, issuing a price target of $23- $43. JP Morgan on their part issued Neutral rating on January 12, 2021.
