Investing In ODP Corporation (NASDAQ: ODP): Why Should You?

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed The ODP Corporation to Participate in the UBS Global Consumer & Retail Conference Wednesday, March 13th, 2024.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

The company is listed on the NASDAQ and operates within the Specialty Retail industry segment. The current market capitalization of ODP Corporation is $1.85B. A total of 0.57 million shares were traded on the day, compared to an average of 283.38K shares.

In the most recent transaction, SCAGLIONE DIEGO ANTHONY sold 25,000 shares of ODP for 55.00 per share on Mar 01 ’24. After the transaction, the EVP & Chief Financial Officer now owns 96,104 company shares. In a previous transaction on Dec 15 ’23, MOFFITT KEVIN sold 12,070 shares at 50.65 per share. ODP shares that EVP, President of Office Depot owns now total 56,641.

Among the insiders who sold shares, MOFFITT KEVIN disposed of 1,930 shares on Dec 14 ’23 at a per-share price of $50.10. This resulted in the EVP, President of Office Depot holding 68,711 shares of ODP after the transaction. In another insider transaction, SCAGLIONE DIEGO ANTHONY sold 10,000 shares at $48.15 per share on Aug 14 ’23. Company shares held by the EVP & Chief Financial Officer now total 113,788.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ODP has a high of $58.98 and a low of $39.36.

As of this writing, ODP has an earnings estimate of $1.66 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.77 per share and a lower estimate of $1.56. The company reported an EPS of $1.88 in the last quarter, which was 20.50% higher than expectations of $1.56.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $29.79, while its Total Shareholder’s Equity was $1.44B.

Analysts Opinion

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. 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 4.33.

Most Popular

Related Posts