ODP Stock Summary and Trading Ideas (Odp | NASDAQ:ODP)

The ODP Corp operates an integrated B2B distribution platform with divisions focusing on various sectors: ODP Business Solutions serves small to enterprise-level companies with office supplies, technology, furniture, and services. Office Depot Division caters to retail consumers and small businesses through retail locations and eCommerce platforms, offering office supplies, technology, and business services. Veyer Division specializes in supply chain, distribution, and procurement services for both internal and third-party customers, with a focus on global operations. Varis Division offers a tech-enabled B2B indirect procurement marketplace, providing a seamless buying experience and advanced spend management tools. Revenue primarily stems from the Veyer division.

Odp trades on the NASDAQ stock market under the symbol ODP.

As of April 24, 2024, ODP stock price declined to $51.25 with 213,932 million shares trading.

ODP has a beta of 0.80, meaning it tends to be less sensitive to market movements. ODP has a correlation of 0.11 to the broad based SPY ETF.

ODP has a market cap of $1.92 billion. This is considered a Small Cap stock.

Last quarter Odp reported $2 billion in Revenue and $.92 earnings per share. This fell short of revenue expectation by $-34 million and exceeded earnings estimates by $.14.

In the last 3 years, ODP stock traded as high as $58.98 and as low as $28.85.

The top ETF exchange traded funds that ODP belongs to (by Net Assets): IJR, CALF, VTI, VB, IWM.

ODP has underperformed the market in the last year with a return of +15.5%, while the SPY ETF gained +24.2%. In the last 3 month period, ODP fell short of the market, returning -0.2%, while SPY returned +4.6%. However, in the most recent 2 weeks ODP has outperformed the stock market by returning -0.1%, while SPY returned -2.7%.

ODP support price is $51.44 and resistance is $53.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ODP stock will trade within this expected range on the day.