Olaplex Holdings Inc. (NASDAQ:OLPX) finished Wednesday with a subtraction of -$0.1 to close at $2.64, a downside of -3.47 percent. An average of 2,091,180 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,285,045 shares traded, while the 50-day average volume stands at 2,346,622.
OLPX stock has decreased by -32.18% in the last month. The company shares reached their 1-month lowest point of $2.49 on 08/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.49 and a high of $15.49 in 52 weeks. It has reached a new high 8 times so far this year and lost -49.23% or -$2.57 in price. In spite of this, the price is down -82.92% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Olaplex Holdings Inc. (OLPX) has a trailing price-to-earnings (P/E) ratio of 15.03. The stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.28, the price-to-book (PB) ratio at 2.12, and the price-to-cash flow ratio at 8.75.
Financial Health
The quick ratio of Olaplex Holdings Inc. for the recent quarter was 7.20, and the current ratio was 9.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.80 and a total debt to equity ratio of 0.81 for the recent quarter. Olaplex Holdings Inc.’s EBITDA margin is 58.72%, while its operating margin for the same period stands at 36.40%. Its gross profit as reported stood at $519.55 million compared to revenue of $704.27 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Olaplex Holdings Inc.’s return on assets was 7.10%.
Earnings Surprise
For the recent quarter, Olaplex Holdings Inc. had $651.68 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $6.16 million in the quarter, while revenues were shrunk -1324.03%. Shareholders own equity worth $654.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Olaplex Holdings Inc. (OLPX) price momentum. RSI 9-day as of the close on 23 August was 26.92%, suggesting the stock is oversold, with historical volatility in this time frame at 39.18%.
As of today, OLPX’s price is $2.70 -3.82% or -$0.11 from its 5-day moving average. OLPX is currently trading -33.54% lower than its 20-day SMA and -35.33% lower than its 100-day SMA. However, the stock’s current price level is -27.13% below the SMA50 and -37.02% below the SMA200.
The stochastic %K and %D were 18.38% and 18.91%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 13.25% and the average true range at 0.20, the RSI (14) stands at 29.64%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
Analyst Ratings
Canaccord Genuity downgraded Olaplex Holdings Inc. (NASDAQ: OLPX) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.
What is OLPX’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $7.50, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Olaplex Holdings Inc. (OLPX) stock is $3.85.
