The stock of Olaplex Holdings Inc. (NASDAQ:OLPX) increased by $0.03 on Monday to finish at $2.63, up 1.15 percent. The last five days have seen an average of 6,167,060 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.58. The average number of shares traded over the last 20 days was 2,762,555, while the average volume over the last 50 days totaled 2,200,058.
OLPX stock dropped -33.75% since last month. On 08/11/23, the company’s shares reached a one-month low of $2.49. The stock touched a high of $16.55 on 02/02/23, after rallying from a low of $2.49 in 52 weeks. The price of OLPX stock has declined by -49.52% or -$2.58 this year, reaching a new high 8 times. Still, the stock price is down -84.11% from the 52-week high.
Valuation Metrics
Olaplex Holdings Inc. (OLPX) has a trailing price-to-earnings (P/E) ratio of 14.94. Beta for the stock is 1.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.27, the price-to-book (PB) ratio of 2.12, and the price-to-cash flow ratio of 6.87.
Financial Health
For the recent quarter, Olaplex Holdings Inc.’s quick ratio was 7.40, while its current ratio was 9.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.81, and the total debt to equity ratio is 0.82. As far as profitability goes, gross margin for the trailing twelve months is 71.70% percent. Olaplex Holdings Inc.’s EBITDA margin for the recent year was 58.72%, whereas its operating margin stood at 65.80% for the same period. Based on annual data, it had gross profit of $519.55 million and revenue of $704.27 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OLPX’s return on assets (ROA) during the last 12 months has been 14.50%. There was a 19.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.40%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $108.5 million, while revenues fell by -144.59% to $113.79 million. EBITDA was $31.61 million for the quarter. At the end of Olaplex Holdings Inc.’s most recent quarter, its liabilities totaled 905.07 million, while its total debt was $658.43 million. Equity owned by shareholders amounts to $654.7 million.
Technical Picture
Here’s a quick look at Olaplex Holdings Inc.’s (OLPX) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 18.62%, suggesting the stock is oversold, with a 84.18% historical volatility rate.
The stochastic %K and %D were 5.74% and 8.99% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 8.62%, the RSI (14) reading is 24.69%. On the 9-day MACD Oscillator, the stock is at -0.47, and the 14-day reading is at -0.69.
Analyst Ratings
Olaplex Holdings Inc. (NASDAQ: OLPX) was downgraded by Canaccord Genuity to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Olaplex Holdings Inc. (OLPX) an Hold rating. OLPX is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is OLPX’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $7.50, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for Olaplex Holdings Inc. (OLPX) is $3.85.
