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Office Depot , Inc. (NASDAQ:ODP) stock has reached a 52-week low, dipping to $19.65, marking a stark contrast to its 52-week high of $58.13. According to InvestingPro analysis, the company currently appears undervalued, with analysts setting price targets ranging from $28 to $61. The office supplies retailer has seen its stock price severely retract, with a 1-year decline exceeding 62%. Despite these challenges, InvestingPro data shows the company maintains profitability with a gross margin of 21% and positive EBITDA of $200 million. This substantial drop underscores the challenges Office Depot has faced in a competitive retail environment, which has been exacerbated by shifting consumer habits and the ongoing impacts of the global economic landscape. Investors are closely monitoring the company’s strategies for recovery and adaptation in a rapidly evolving market. For deeper insights, InvestingPro offers 8 additional key tips and a comprehensive Pro Research Report analyzing ODP’s future prospects.
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