How to Buy Odp Stock
Odp Corp
The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses. The company operates in two divisions, Business Solutions and Retail.
Odp stock last closed at $50.85, down 0.12% from the previous day, and has increased 16.44% in one year. It has overperformed other stocks in the Specialty Retail industry by 0.09 percentage points. Odp stock is currently +29.19% from its 52-week low of $39.36, and -13.78% from its 52-week high of $58.98.
As of May 1, 2024, there are 36.63M ODP shares outstanding. The market capitalization of ODP is $1.86B. In the last 24 hours, 233,146 ODP shares were traded.
How to Buy Odp Stock
Not sure how to invest in Odp stock? Here's how.
- Choose where to buy Odp stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Odp stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your payment method and add your info.
- Analyze Odp stock: The Odp ticker symbol is ODP. Is Odp stock a good investment? Should you buy shares of ODP? How do ODP's underlying business fundamentals look? Do top analysts think Odp is a good buy? Why has ODP's stock price moved recently? (Hint: Our stock analysis website can help you decide if ODP is a good stock to buy).
- Place your ODP trade: Decide if you will purchase ODP shares at the current market price or use a limit order to buy ODP stock at a particular price.
- Get the latest scoop on your investment in ODP: Create a watchlist to important notifications about your position in Odp stock.
Step 1: Choose where to buy Odp stock
You will need a brokerage account in order to access the NASDAQ market and buy ODP stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to invest in ODP stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create your new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've filled out your info on the best stock app to use, you can securely and quickly fund your account:
Watch the video below to see the process of depositing funds into your brokerage account.
Step 4: Analyze Odp stock
After you have identified the best place to buy Odp stock, it's absolutely critical to analyze their stock prior to buying, so you truly comprehend the risk as well as the upside.
Odp quick stats
Odp Due Diligence Checks
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on ODP's stock page.
Is ODP stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ODP's true value.
Using relative valuations measures:
- ODP could be undervalued based on its P/E ratio of 14.09x, relative to Specialty Retail industry P/E ratio of 28x
- ODP may be undervalued based on its P/B ratio of 1.69x, relative to Specialty Retail industry P/B ratio of 10.62x
- ODP may be overvalued based on its PEG ratio of 1.4x
You can do additional valuation analysis on ODP's stock here.
ODP Financial Summary
Passed Health Checks:
- ODP earnings of $220.00M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ODP balance sheet.
- ODP's operating cash flow of $331.00M allows it to safely service it's debt of $963.00M.
Failed Health Checks:
- Total ODP debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the ODP balance sheet.
- ODP profit margin has gone down from 2% to 1.8% in the past year.
- ODP has a relatively high debt to equity ratio of 2.53.
Is ODP stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who give ratings on ODP, the consensus analyst rating on ODP is a Hold
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Odp stock forecast page.
ODP Technicals
How is ODP performing as a company?
Last year, ODP earnings were $139.00M. In the last 5 year, ODP's earnings have increased by 13.82% per year. This was slower than the Specialty Retail industry average of 19.25%.
Last year, ODP revenue was $7.83B. During the past 5 year, ODP's revenue has increased by -6.6% per year. This was slower than the Specialty Retail industry average of 11.72%.
Learn more about ODP's earnings and revenue performance here.
Are ODP insiders buying or selling the stock?
Over the past year, insiders at ODP have sold more shares than they have bought.
David C. Centrella, EVP President of ODP Business of ODP, was the latest ODP insider to sell. They sold $76,631.04 worth of ODP shares on Apr 23, 2024.
Dig into more about who owns ODP shares here.
Can I rely on ODP as an income stream?
No, Odp doesn't provide an income stream by paying out dividends.
ODP Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your ODP trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in ODP
Now that you own some ODP stock, you'll want to keep up with your stock purchase.
Put ODP on a watchlist to monitor your ODP stock.
ODP Feed
How to Buy Stock in Odp
To reiterate, here are the 6 steps to buy stock in Odp:
- Choose where to buy Odp stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Odp stock
- Place your ODP trade
- Get the latest scoop on your investment in ODP
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Odp, get started below.
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