A downtrend has been apparent in ODP Corp. (ODP) lately. While the stock has lost 10.7% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for t ...

ODP Corp. (ODP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this office supply retailer have returned -25.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Retail - Miscellaneous industry, to which ODP Corp. belongs, has gained 2% over this period. Now the key question is: Where could the stock be headed in the near term?Although media re ...

Core Insights - Value investing provides an opportunity to acquire overlooked stocks trading at low multiples, with the price-to-book (P/B) ratio being a useful metric for identifying such stocks [1][3] - The P/B ratio is calculated by dividing market capitalization by book value of equity, helping to identify undervalued stocks with high growth potential [1][3] - A P/B ratio of less than one indicates a stock is undervalued, while a ratio greater than one suggests it may be overvalued [3][4] Book Value - Book value represents the total value remaining for shareholders if a company were to liquidate its assets after settling all liabilities, calculated by subtracting total liabilities from total assets [2] - Intangible assets should be excluded from total assets to accurately determine book value [2] P/B Ratio Analysis - The P/B ratio should be compared within industries for better context, as a standalone number may not provide sufficient insight [3][5] - A P/B ratio below one can indicate weak asset returns or overstated assets, while a ratio above one may suggest the stock is a takeover target [4] Screening Parameters - Stocks with a P/B ratio lower than the industry median may have potential for price appreciation [6] - Additional screening metrics include P/S ratio, P/E ratio, PEG ratio, minimum price thresholds, trading volume, Zacks Rank, and Value Score [7][8] Stock Examples - KB Home (KBH) has a projected 3-5 year EPS growth rate of 11.06%, Zacks Rank 2, and Value Score A [9] - Qifu Technology (QFIN) has a projected EPS growth rate of 10.87%, Zacks Rank 2, and Value Score A [9] - ODP Corporation (ODP) has a projected EPS growth rate of 14.0%, Zacks Rank 1, and Value Score A [10] - Tri Pointe Homes (TPH) has a projected EPS growth rate of 13.0%, Zacks Rank 1, and Value Score A [10] - Gray Television (GTN) has a projected EPS growth rate of 10.0%, Zacks Rank 1, and Value Score A [10]

Core Viewpoint - The ODP Corporation (ODP) is currently identified as a strong value stock with a Zacks Rank of 2 (Buy) and an A for Value, indicating it is undervalued compared to its peers [2][3] Valuation Metrics - ODP has a P/E ratio of 5.81, significantly lower than the industry average of 15.71, suggesting it is undervalued [2] - The Forward P/E ratio for ODP has fluctuated between 5.79 and 10.40 over the past year, with a median of 8.44 [2] - ODP's PEG ratio stands at 0.42, compared to the industry average of 1.19, indicating strong growth potential relative to its valuation [2] - The PEG ratio for ODP has ranged from 0.41 to 0.74 in the past year, with a median of 0.60 [2] Cash Flow Analysis - ODP's P/CF ratio is 7.11, which is attractive compared to the industry average of 18.91, further supporting the notion of undervaluation [3] - The P/CF ratio for ODP has varied between 5.37 and 9.51 over the last 12 months, with a median of 6.13 [3] Overall Assessment - The combination of ODP's low valuation metrics and strong earnings outlook positions it as an impressive value stock in the current market [3]

A downtrend has been apparent in ODP Corp. (ODP) lately with too much selling pressure. The stock has declined 25.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotti ...

In value investing, it is a common practice to pick stocks that are cheap but fundamentally strong. There are a number of investment styles to suit the predilection of hundreds of investors looking for the best value stocks.Among them, the price-to-book ratio (P/B ratio) is an easy-to-use tool for identifying low-priced stocks with high growth prospects.The P/B ratio is used to calculate how much an investor needs to pay for each dollar of book value of a stock. It is calculated by dividing the current clos ...

ODP Corp. (ODP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of ...

Company Overview - The ODP Corporation (ODP) currently has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [2] - ODP's stock is trading with a P/E ratio of 6.12, significantly lower than the industry average P/E of 15.76 [2] Valuation Metrics - ODP holds a PEG ratio of 0.44, compared to the industry average PEG of 1.16, suggesting it is undervalued relative to its expected earnings growth [3] - The company has a P/S ratio of 0.2, which is lower than the industry's average P/S of 0.55, indicating strong sales performance relative to its stock price [3] - ODP's P/CF ratio is 7.39, well below the industry average P/CF of 18.63, highlighting its attractive cash flow outlook [4] Investment Potential - The combination of ODP's low valuation metrics and strong earnings outlook suggests that it is likely being undervalued in the current market [4]

A downtrend has been apparent in ODP Corp. (ODP) lately with too much selling pressure. The stock has declined 17% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...

First Quarter QQ112200 2024 Financial Results v Safe Harbor Statement ...