Olaplex Holdings Inc (NASDAQ:OLPX) finished Friday with an addition of $0.07 to close at $1.95, an upside of 3.72 percent. An average of 2,138,760 shares of common stock have been traded in the last five days. There was a fall of -$0.1200 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,088,265 shares traded, while the 50-day average volume stands at 2,433,146.
OLPX stock has decreased by -29.09% in the last month. The company shares reached their 1-month lowest point of $1.8550 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.86 and a high of $10.58 in 52 weeks. It has reached a new high 8 times so far this year and lost -62.57% or -$3.2600 in price. In spite of this, the price is down -81.57% from the 52-week high.
Valuation Metrics
Olaplex Holdings Inc (OLPX) has a trailing price-to-earnings (P/E) ratio of 11.04. The stock’s beta is 1.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.41, the price-to-book (PB) ratio at 1.56, and the price-to-cash flow ratio at 6.33.
Financial Health
The quick ratio of Olaplex Holdings Inc for the three months ended June 30 was 7.22, and the current ratio was 9.32, 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 quarter ending June 30. Its gross profit as reported stood at $519.55 million compared to revenue of $704.27 million.
Earnings Surprise
For the three-month period that ended June 30, 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%. The analyst consensus anticipated Olaplex Holdings Inc’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.03, a -40.00% surprise. For the quarter, EBITDA amounted to $31.61 million. 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 29 September was 23.70%, suggesting the stock is oversold, with historical volatility in this time frame at 34.21%.
As of today, OLPX’s price is $1.9620 -5.80% or -$0.1200 from its 5-day moving average. OLPX is currently trading -28.04% lower than its 20-day SMA and -50.88% lower than its 100-day SMA. However, the stock’s current price level is -48.55% below the SMA50 and -64.35% below the SMA200.
The stochastic %K and %D were 7.53% and 5.06%, respectively, and the average true range (ATR) was 0.1140. With the 14-day stochastic at 15.32% and the average true range at 0.1245, the RSI (14) stands at 23.45%. The stock has reached -0.0900 on the 9-day MACD Oscillator while the 14-day reading was at -0.1962.
Analyst Ratings
Piper Sandler downgraded Olaplex Holdings Inc (NASDAQ: OLPX) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Olaplex Holdings Inc (OLPX) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell OLPX, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it 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 $3.76.
