How to Buy Olin Stock
Olin Corp
Olin is a specialty chemical company located in Missouri, United States, which is part of the Basic Materials sector, and is traded under the ticker OLN on the NYSE exchange.
Olin stock last closed at $53.07, down 0.91% from the previous day, and has decreased 6.27% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.16 percentage points. Olin stock is currently +27.24% from its 52-week low of $41.71, and -12.43% from its 52-week high of $60.60.
As of Apr 24, 2024, there are 120.2M shares of OLN outstanding. The market capitalization of OLN is $6.38B. In the past 24 hours, 800,429 OLN shares were traded.
How to Buy Olin Stock
Wondering how to invest in Olin stock? Here's how.
- Choose where to buy Olin stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Olin stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your information.
- Analyze Olin stock: The Olin ticker symbol is OLN. Is Olin stock a good investment? Should you buy shares of OLN? How do OLN's underlying business fundamentals look? Do top analysts think Olin is a good buy? Why has OLN's stock price moved recently? (Hint: Our stock research website can help you evaluate if OLN is a good stock to buy).
- Place your OLN buy order: Decide if you will purchase OLN shares at the current market price or use a limit order to buy OLN stock at a particular price.
- Watch your OLN investment: Create a watchlist to keep tabs on your position in Olin shares.
Step 1: Choose where to buy Olin stock
You need a brokerage account to access the NYSE market and buy OLN stock.
Our preferred brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can buy OLN stock today.
How to Start 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.
- Provide your personal info to open a new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on the stocks app, you can securely and quickly fund your account:
Watch the video below to see the process of depositing funds into your new investment account.
Step 4: Analyze Olin stock
Once you have decided on the best place to buy Olin stock, it's crucial to analyze their stock before you buy, so you actually comprehend the risk and opportunity.
Olin Numbers
Olin Overview
WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on OLN's stock page.
Is OLN stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge OLN's true value.
Using relative valuations methods:
- OLN may be undervalued based on its P/E ratio of 14.5x, relative to Specialty Chemicals industry P/E ratio of 30.27x
- OLN could be undervalued based on its P/B ratio of 2.86x, relative to Specialty Chemicals industry P/B ratio of 3.36x
- OLN may be undervalued based on its PEG ratio of 0.16x
You can do additional valuation research on OLN's stock here.
Is OLN a healthy company?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the OLN balance sheet.
- OLN's operating cash flow of $974.30M allows it to safely service it's debt of $3.02B.
Negative Financial Indicators:
- OLN profit margin has gone down from 14.2% to 6.7% in the past year.
- Total OLN debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the OLN balance sheet.
- OLN has a relatively high debt to equity ratio of 2.44.
- OLN earnings of $748.60M is not enough to cover its interest payments.
Is it a good time to buy OLN stock, according to Wall Street analysts?
Out of 12 Wall Street analysts who monitor OLN, the consensus analyst rating on Olin is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest OLN Analyst Upgrades/Downgrades
Duffy Fischer, a top 30% analyst from Goldman Sachs maintains OLN with a hold rating and raises their OLN price target from $55.00 to $61.00, on Jan 31, 2024.
Vincent Anderson, a top 11% analyst from Stifel Nicolaus maintains OLN with a strong buy rating and raises their OLN price target from $65.00 to $66.00, on Jan 29, 2024.
Joshua Spector, a bottom 15% analyst from UBS maintains OLN with a hold rating and raises their OLN price target from $56.00 to $58.00, on Jan 26, 2024.
David Begleiter, a top 9% analyst from Deutsche Bank initiates coverage on OLN with a hold rating and announces their OLN price target of $52.00, on Dec 7, 2023.
Frank Mitsch, a top 36% analyst from Fermium Research maintains OLN with a hold rating and lowers their OLN price target from $54.00 to $48.00, on Oct 30, 2023.
You can dig deeper into what analysts are forecasting on the Olin stock forecast page.
OLN Technical Indicators
How is OLN performing as a company?
Last year, OLN earnings were $460.20M. Over the past 5 year, OLN's earnings have gone up by 13.19% per year. This was faster than the Specialty Chemicals industry average of 6.78%.
Last year, OLN revenue was $6.83B. In the past five year, OLN's revenue has grown by -0.33% per year. This was slower than the Specialty Chemicals industry average of 9.4%.
Find out more about OLN's earnings and revenue performance here.
Latest Insiders Trades at OLN
Over the last 12 months, insiders at OLN have sold more shares than they have bought.
Brett A. Flaugher, VP Pres Winchester of OLN, was the latest OLN insider to sell. They sold $521,990.00 worth of OLN shares on Feb 27, 2024.
Get more info about who owns OLN shares here.
Does OLN stock generate passive income?
Olin pays a dividend of 1.51%, compared to the Specialty Chemicals industry's average dividend yield of 3.48%. If you owned $1,000 of OLN stock, you would have been paid $15.07 in the past 12 months.
Olin dividend payments have not consistently grown over the past decade but have remained stable.
Find more info about Olin dividend yield and history here.
What others are saying about OLN
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your OLN buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you require more help investing in stocks on eToro, click the helpful video below:
Step 6: Watch your OLN investment
Now that you own some shares in OLN, you'll want to keep up with your new investment.
Create a watchlist to get the latest updates about your OLN stock.
OLN Feed
How to Buy Stock in Olin
To reiterate, here are the 6 steps you need to take to buy Olin stock right now:
- Choose where to buy Olin stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Olin stock
- Place your OLN buy order
- Watch your OLN investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Olin, hit the button below to create your watchlist.
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