Evaluating the Impact of -2.53 Increase on ODDITY Tech Ltd.’s (ODD) Stock

The stock of ODDITY Tech Ltd. (ODD) has seen a -7.30% decrease in the past week, with a -9.35% drop in the past month, and a -13.75% decrease in the past quarter. The volatility ratio for the week is 5.41%, and the volatility levels for the past 30 days are at 6.28% for ODD. The simple moving average for the last 20 days is -9.33% for ODD stock, with a simple moving average of 1.37% for the last 200 days.

Is It Worth Investing in ODDITY Tech Ltd. (NASDAQ: ODD) Right Now?

The price-to-earnings ratio for ODDITY Tech Ltd. (NASDAQ: ODD) is above average at 140.81x. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for ODD is 24.92M, and at present, short sellers hold a 12.38% of that float. The average trading volume of ODD on April 03, 2024 was 861.30K shares.

ODD) stock’s latest price update

The stock of ODDITY Tech Ltd. (NASDAQ: ODD) has decreased by -2.53 when compared to last closing price of 41.17. Despite this, the company has experienced a -7.30% fall in its stock price over the last five trading sessions. Schwab Network reported 2024-03-08 that Hilary Kramer discusses finding value in the market. She talks about her stock picks which include Palantir (PLTR), Mind Medicine (MNMD), Oddity (ODD), Prairie Operating (PROP), Starbucks (SBUX), and Arm Holdings (ARM).

Analysts’ Opinion of ODD

Many brokerage firms have already submitted their reports for ODD stocks, with BofA Securities repeating the rating for ODD by listing it as a “Buy.” The predicted price for ODD in the upcoming period, according to BofA Securities is $37 based on the research report published on October 04, 2023 of the previous year 2023.

Truist, on the other hand, stated in their research note that they expect to see ODD reach a price target of $54. The rating they have provided for ODD stocks is “Buy” according to the report published on October 03rd, 2023.

KeyBanc Capital Markets gave a rating of “Overweight” to ODD, setting the target price at $60 in the report published on August 15th of the previous year.

ODD Trading at -6.76% from the 50-Day Moving Average

After a stumble in the market that brought ODD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.34% of loss for the given period.

Volatility was left at 6.28%, however, over the last 30 days, the volatility rate increased by 5.41%, as shares sank -13.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.67% lower at present.

During the last 5 trading sessions, ODD fell by -7.30%, in comparison to the 20-day moving average, which settled at $43.94. In addition, ODDITY Tech Ltd. saw -13.75% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ODD

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.71 for the gross margin

The net margin for ODDITY Tech Ltd. stands at 0.13. The total capital return value is set at 0.85. Equity return is now at value 29.29, with 18.55 for asset returns.

Based on ODDITY Tech Ltd. (ODD), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 8.31. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 1565.79.

Currently, EBITDA for the company is 22.48 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 5.21. The receivables turnover for the company is 150.53for trailing twelve months and the total asset turnover is 3.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.05.

Conclusion

In summary, ODDITY Tech Ltd. (ODD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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