As of Friday close, Olaplex Holdings Inc.’s (NASDAQ:OLPX) stock was down -$0.02, moving down -0.96 percent to $2.07. The average number of shares traded per day over the past five days has been 2,196,840 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 1,942,575, while in the previous 50 days, it was 2,350,196.
Since last month, OLPX stock retreated -21.74%. Shares of the company fell to $2.02 on 09/19/23, the lowest level in the past month. A 52-week high of $12.23 was reached on 02/02/23 after having rallying from a 52-week low of $2.02. Since the beginning of this year, OLPX’s stock price has dropped by -60.27% or -$3.14, and marked a new high 8 times. However, the stock has declined by -83.07% since its 52-week high.
OLPX stock investors should be aware that Olaplex Holdings Inc. (OLPX) stock had its last reported insider trading activity 8 days ago on Sep 15. BILBREY JOHN P, the Director of the company, purchased of 8,100 shares for $2.29 on Sep 15. It resulted in a $18,549 investment by the insider. BILBREY JOHN P added 43,500 shares at an average price of $2.63 on Aug 15. The insider now owns 50,000 shares following the transaction. On Aug 14, Director BILBREY JOHN P bought 6,500 shares at $2.65 apiece. The transaction was valued at $17,225.
Valuation Metrics
Right now, Olaplex Holdings Inc. (OLPX) has a P/E ratio of about 11.76. The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 2.73, the price-to-book (PB) ratio of 1.66, and the price-to-cash flow ratio of 7.27 may also be considered.
Financial Health
In the three months ended June 29, Olaplex Holdings Inc.’s quick ratio stood at 7.20, while its current ratio was 9.30, 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 June 29 was 0.80, and the total debt-to-equity ratio was 0.81. On the profitability front, the trailing twelve-month gross margin is 71.70% percent. In the year ended June 29, EBITDA margin amounted to 58.72%, whereas operating margins totaled 36.40%. Based on annual data, OLPX earned $519.55 million in gross profit and brought in $704.27 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.90%. Return on equity (ROE) for the past 12 months was 15.40%.
In Olaplex Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $651.68 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. OLPX’s revenue fell -144.59% to $113.79 million during the quarter, while net income inched up to $108.5 million. While analysts expected Olaplex Holdings Inc. to report $0.05 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $31.61 million in EBITDA. The liabilities of Olaplex Holdings Inc. were 905.07 million at the end of its most recent quarter ended June 29, and its total debt was $658.43 million. The value of shareholders’ equity is $654.7 million.
Technical Picture
This quick technical analysis looks at Olaplex Holdings Inc.’s (OLPX) price momentum. With a historical volatility rate of 46.92%, the RSI 9-day stood at 16.45% on 22 September.
With respect to its five-day moving average, the current Olaplex Holdings Inc. price is down by -8.41% percent or -$0.19. At present, OLPX shares trade -20.69% below its 20-day simple moving average and -43.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.76% below its SMA50 and -64.55% below its SMA200.
Stochastic coefficient K was 7.76% and Stochastic coefficient D was 8.46%, while ATR was 0.12. Given the Stochastic reading of 7.69% for the 14-day period, the RSI (14) reading has been calculated as 20.63%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.23.
Analyst Ratings
Olaplex Holdings Inc. downgraded its rating on Olaplex Holdings Inc. (NASDAQ: OLPX) to an Underweight in a note to investors on August 25, 2023. The analysts firm previously had a Neutral rating on the stock.Olaplex Holdings Inc. (OLPX) has been rated Hold by analysts. According to 3 brokerage firms, OLPX is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Olaplex Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $2.00 – $7.50. Based on these forecasts, analysts predict Olaplex Holdings Inc. (OLPX) will achieve an average price target of $3.76.
