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Tuesday, June 6, 2023

What Are The Chances Of The ODP Corporation (NASDAQ: ODP) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for The ODP Corporation (ODP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $42.60. The The ODP Corporation has recorded 124,658 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that The ODP Corporation Announces First Quarter 2023 Results.

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Stocks Info

As a NASDAQ listed company, ODP falls under the Consumer Cyclical sector while operating within the Specialty Retail industry segment. At the end of the last regular session, the stock closed at $42.60 and fluctuated between $45.40 as its day high and $42.07 as its day low. The current market capitalization of The ODP Corporation is $1.67B. A total of 0.65 million shares were traded on the day, compared to an average of 321.76K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ODP has seen 22 BUY and 22 SELL insider trades, representing the acquisition of 677,427 and the disposition of 269,311 shares. Over the last 12 months, there were 23 BUYs and 27 SELLs from insiders. Insiders purchased 678,627 shares during that period but sold 298,056.

In the most recent transaction, MALONEY ZOE sold 11,250 shares of ODP for 45.11 per share on Mar 17. After the transaction, the EVP, Chief HR Officer now owns 35,066 company shares. In a previous transaction on Mar 03, MOFFITT KEVIN sold 23,488 shares at 50.74 per share. ODP shares that EVP, President of Office Depot owns now total 50,459.

Among the insiders who bought shares, Hlavinka Sarah E. acquired of 1,200 shares on Nov 08 at a per-share price of $41.58. This resulted in the EVP-Chief Legal Officer & Secy holding 10,050 shares of ODP after the transaction. In another insider transaction, MALONEY ZOE sold 6,800 shares at $36.86 per share on Aug 17. Company shares held by the EVP, Chief HR Officer now total 21,932.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. ODP’s most recent ex-dividend date was 2/28/2020 when it declared a $0.25 quarterly dividend that was paid in cash on 3/13/2020. Previously, the company paid the dividend on 12/13/2019 with an ex-dividend date of 11/21/2019. The ODP stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ODP in the last 3 months, the mean price target is $55.00 with high estimates of $55.00 and low estimates of $55.00. In terms of 52-week highs and lows, ODP has a high of $53.59 and a low of $28.85.

As of this writing, ODP has an earnings estimate of $1.34 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $1.34 per share and a lower estimate of $1.34. The company reported an EPS of $1.48 in the last quarter, which was -14.00% lower than expectations of $1.72.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ODP’s latest balance sheet shows that the firm has $514.00M in Cash & Short Term Investments as of fiscal 2021. There were $1.00B in debt and $2.27B in liabilities at the time. Its Book Value Per Share was $28.60, while its Total Shareholder’s Equity was $1.44B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ODP is Buy with a score of 3.00.

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