Would It Be A Good Move Today To Buy Olaplex Holdings Inc. (OLPX) Stock?

As of Friday close, Olaplex Holdings Inc.’s (NASDAQ:OLPX) stock was up $0.88, moving up 6.81 percent to $13.80. The average number of shares traded per day over the past five days has been 4,331,280 shares. 3 times new highs have been achieved over the past 5 days, with a $0.41 gain in that time frame. In the last twenty days, the average volume was 2,608,420, while in the previous 50 days, it was 2,450,444.

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Since last month, OLPX stock retreated -10.56%. Shares of the company fell to $11.73 on 05/10/22, the lowest level in the past month. Since the beginning of this year, OLPX’s stock price has dropped by -52.63% or -$15.33, and marked a new high 1 time. However, the stock has declined by -54.62% since its 52-week high.

Olaplex Holdings Inc. (OLPX) last reported insider trading activity 65 days ago on Mar 10. Tiziani Eric, the Chief Financial Officer of the company, purchased of 20,000 shares for $14.78 on Mar 10. It resulted in a $295,600 investment by the insider. MORFITT MARTHA A M added 9,000 shares at an average price of $25.99 on Nov 12. The insider now owns 33,000 shares following the transaction. On Nov 12, Director MORFITT MARTHA A M bought 24,000 shares at $25.97 apiece. The transaction was valued at $623,280.

Valuation Metrics

Right now, Olaplex Holdings Inc. (OLPX) has a P/E ratio of about 42.07. Besides these, the trailing price-to-sales (P/S) ratio of 14.91, the price-to-book (PB) ratio of 17.04.

Financial Health

In the three months ended September 29, Olaplex Holdings Inc.’s quick ratio stood at 3.20, while its current ratio was 4.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.41, and the total debt-to-equity ratio was 1.45. On the profitability front, the trailing twelve-month gross margin is 79.20% percent. In the year ended September 29, operating margins totaled 56.40%. Based on annual data, OLPX earned $473.82 million in gross profit and brought in $598.37 million in revenue.

In Olaplex Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $658.32 million. OLPX’s revenue rose 100.0% to -$195.77 million during the quarter, while net income inched up to $231.19 million. While analysts expected Olaplex Holdings Inc. to report $0.09 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated $120.88 million in EBITDA. The liabilities of Olaplex Holdings Inc. were 965.61 million at the end of its most recent quarter ended September 29, and its total debt was $762.48 million. The value of shareholders’ equity is $648.93 million.

Technical Picture

This quick technical analysis looks at Olaplex Holdings Inc.’s (OLPX) price momentum. With a historical volatility rate of 72.39%, the RSI 9-day stood at 50.57% on 13 May.

With respect to its five-day moving average, the current Olaplex Holdings Inc. price is up by +3.06% percent or $0.41. At present, OLPX shares trade -9.33% below its 20-day simple moving average and -44.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.38% below its SMA50.

Stochastic coefficient K was 34.99% and Stochastic coefficient D was 21.70%, while ATR was 1.18. Given the Stochastic reading of 57.18% for the 14-day period, the RSI (14) reading has been calculated as 46.90%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -0.70.

Analyst Ratings

Barclays upgraded its rating on Olaplex Holdings Inc. (NASDAQ: OLPX) to an Overweight in a note to investors on March 09, 2022. The analysts firm previously had an Equal weight rating on the stock.Olaplex Holdings Inc. (OLPX) has been rated Buy by analysts. According to 0 brokerage firms, OLPX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Olaplex Holdings Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $23.50, the current consensus forecast for the stock is $17.00 – $40.00. Based on these forecasts, analysts predict Olaplex Holdings Inc. (OLPX) will achieve an average price target of $24.17.


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