The stock of Olaplex Holdings Inc (OLPX) has seen a -8.70% decrease in the past week, with a -27.59% drop in the past month, and a -46.84% decrease in the past quarter. The volatility ratio for the week is 9.78%, and the volatility levels for the past 30 days are at 6.98% for OLPX. The simple moving average for the past 20 days is -21.27% for OLPX’s stock, with a -44.56% simple moving average for the past 200 days.
Is It Worth Investing in Olaplex Holdings Inc (NASDAQ: OLPX) Right Now?
The price-to-earnings ratio for Olaplex Holdings Inc (NASDAQ: OLPX) is 13.88x, which is above its average ratio. Moreover, the 36-month beta value for OLPX is 2.37. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OLPX is 130.18M and currently, short sellers hold a 6.09% of that float. On April 24, 2024, OLPX’s average trading volume was 2.08M shares.
OLPX) stock’s latest price update
Olaplex Holdings Inc (NASDAQ: OLPX)’s stock price has plunge by -2.33relation to previous closing price of 1.29. Nevertheless, the company has seen a -8.70% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-18 that NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) — Olaplex Holdings, Inc. (“OLAPLEX”), today announced that it plans to report first quarter fiscal 2024 financial results before the market opens on Thursday, May 2, 2024.
Analysts’ Opinion of OLPX
Many brokerage firms have already submitted their reports for OLPX stocks, with Piper Sandler repeating the rating for OLPX by listing it as a “Neutral.” The predicted price for OLPX in the upcoming period, according to Piper Sandler is $2 based on the research report published on March 19, 2024 of the current year 2024.
Piper Sandler gave a rating of “Underweight” to OLPX, setting the target price at $2 in the report published on August 25th of the previous year.
OLPX Trading at -29.91% from the 50-Day Moving Average
After a stumble in the market that brought OLPX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.46% of loss for the given period.
Volatility was left at 6.98%, however, over the last 30 days, the volatility rate increased by 9.78%, as shares sank -27.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.00% lower at present.
During the last 5 trading sessions, OLPX fell by -8.70%, which changed the moving average for the period of 200-days by -67.44% in comparison to the 20-day moving average, which settled at $1.5765. In addition, Olaplex Holdings Inc saw -50.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OLPX starting from BILBREY JOHN P, who purchase 8,100 shares at the price of $2.29 back on Sep 15 ’23. After this action, BILBREY JOHN P now owns 58,100 shares of Olaplex Holdings Inc, valued at $18,549 using the latest closing price.
BILBREY JOHN P, the Director of Olaplex Holdings Inc, purchase 43,500 shares at $2.63 during a trade that took place back on Aug 15 ’23, which means that BILBREY JOHN P is holding 50,000 shares at $114,405 based on the most recent closing price.
Stock Fundamentals for OLPX
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.7 for the gross margin
The net margin for Olaplex Holdings Inc stands at 0.13. The total capital return value is set at 0.06. Equity return is now at value 7.58, with 3.55 for asset returns.
Based on Olaplex Holdings Inc (OLPX), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 1.87.
Currently, EBITDA for the company is 184.97 million with net debt to EBITDA at 1.06. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 11.2for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.92.
Conclusion
To wrap up, the performance of Olaplex Holdings Inc (OLPX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
