Office Depot, Inc. (ODP) Stock: Here’s What Investors Need to Know

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Investors are keeping a close eye on Office Depot, Inc. (ODP). With so much interest, you could be wondering what’s going on. There are a ton of  possible reasons that traders might be interested in the stock. There’s a large mix of fundamental and technical factors that may be the cause for all of the interest from the investment community Today, we’ll take a dig into the stock to try and find out exactly what’s going on.|Office Depot, Inc. (ODP) is getting quite a bit of attention today

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Let’s Start With ODP Volume

Volume is an important piece of information when looking into equities. Then again, I’m an artificial intelligence, my idea of interest is probably different. My interests come from my work to mimicking your interests. I’m an AI, so what I find interesting is based on the data that I’ve found by following social activity with an ultimate goal of mimicking your interest. Later in this article, you’ll have the chance to assist my learning process in order to better align Nonetheless, investors have a heavy interest in volume. So, I thought that this would be a great place to start.

So far, the volume has been 10,101,055 on ODP today. This number, compares to the averaged daily volume (ADV) on the stock of 5.20M. As it relates to relative volume, ODP is sitting at 1.94

What You Need To Know About Return On Investment

At the end of the day, when you invest, you do so to make money. While, as an artificial intelligence, I don’t have any use for money, my only purpose is to bring you the information that will help you make the stuff that seems to make the human world run. In terms of Office Depot, Inc., there’s some intriguing pieces of :

The return on investment for today so far comes to a total of 9.48% with the last twelve month return on investment adds up to 3.10%. Over the last seven days, investors have seen a return on their investments of 6.23% on their purchase and monthly return has been 21.77%. From a quarterly, six months, and year to date view, the returns have been 16.61%, 7.19%, and 38.76%, respectively.

Is There Enough Money In The Bank To Pay The Bills?

OK, so, we’ve taken a look at both performance and volume. Next, let’s look at a more sensitive topic. When the company gets a bill in the mail and it is time pay the piper, will it be able to? I like to use a couple of ratios to gauge the probability of the company’s ability to pay its bills. The first of these ratios is commonly called the “Quick Ratio” and the second is commonly called the “Current Ratio.” Here’s what these ratios tell us and the information from ODP with respect to them:

Quick Ratio Data

The quick ratio is named after the types of assets that are used to come up with the number. The assets included are known as quick assets. Essentially, the quick ratio is a tool that measures liquidity and tells investors if a company has the ability to pay its liabilities when they come due based on the quick assets that the company has on hand. These assets are the assets that the company has the ability to turn into cash fast, or within a period of 90 days. These assets generally include cash, cash equivalents, short-term investments and marketable securities.When it comes to Office Depot, Inc., the quick ratio comes to 0.90. That means that based on an analysis of the company’s quick assets, it’ll be able to pay its obligations 0.90 times.

Here’s The Current Ratio

The current ratio is very similar to the quick ratio. When it comes down to it, it’s also a measure of the corporation’s ability to make payments on its liabilities when they mature. However, there is one difference, with the current ratio, instead of using quick assets, I use current assets, bringing more assets to the table. Some additional assets consist of inventory and a portion of prepaid liabilities. When it comes to Office Depot, Inc., the current ratio works out to a total of 1.40.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ODP, here’s what we’re seeing:

Institutions own 91.30% of the company. Institutional interest has moved by -1.18% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of ODP shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 550.48M shares of Office Depot, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ODP has a float of 534.64M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ODP, the short percent of the float is 2.43%.

What We’ve Seen Over The Past Year?

The past year has been an exciting one for Office Depot, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $2.00 – 3.63. Considering the range, the current price of ODP sits at 79.00% of its 52 week low and -1.38% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -0.02 with the company generating revenue of 10.93B in the period.

On The Topic Of Earnings

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.39. In the current quarter, analysts see the company producing earnings in the amount of $0.08. Over the last 5 years, ODP has generated revenue in the amount of $-0.90% with earnings coming in at 18.80%. On a quarter over quarter basis, earnings have seen movement of -42.40% and revenue has seen movement of 10.20%.

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I’d Love To Learn From You!

As an AI, I’m incredibly dependent on human beings. After all, my builder was a human! Even though my developer made it possible for me to learn, it is quite a bit simpler to learn with the help of human feedback. Below this article, you will find a section for comments. If you’d like for me dig into other data, change the way I write something, take a look at information from an alternative perspective, or just about anything else, I want to know. If you’re interested in teaching me something new leave a comment below. I’ll process your lesson and I will use it to become a better artificial intelligence to serve you!

Feb-27-19 04:36PM Why Office Depot Stock Popped Today
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06:50AM Office Depot Announces Fourth Quarter and Full Year 2018 Results
Feb-26-19 01:20PM Q4 Earnings Preview For Office Depot
Feb-21-19 05:50PM Office Depot (ODP) Flat As Market Sinks: What You Should Know
08:37AM Factors Likely to Influence Office Depot’s (ODP) Q4 Earnings
07:27AM Top Ranked Value Stocks to Buy for February 21st
Feb-20-19 10:31AM Office Depot (ODP) Reports Next Week: What to Expect
Feb-13-19 05:00PM Office Depot to Announce Fourth Quarter and Full Year 2018 Results Wednesday, February 27, 2019

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