The stock of ODDITY Tech Ltd. (NASDAQ: ODD) has decreased by -3.25 when compared to last closing price of 32.31. Despite this, the company has experienced a -3.93% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Oddity Tech (ODD) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.38 per share a year ago.
Is It Worth Investing in ODDITY Tech Ltd. (NASDAQ: ODD) Right Now?
ODDITY Tech Ltd. (NASDAQ: ODD) has a price-to-earnings ratio of 109.68x that is above its average ratio. 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.”
The public float for ODD is 24.97M and currently, short sellers hold a 20.65% ratio of that float. The average trading volume of ODD on May 08, 2024 was 968.66K shares.
ODD’s Market Performance
ODD’s stock has seen a -3.93% decrease for the week, with a -17.74% drop in the past month and a -29.05% fall in the past quarter. The volatility ratio for the week is 5.65%, and the volatility levels for the past 30 days are at 4.76% for ODDITY Tech Ltd. The simple moving average for the last 20 days is -7.48% for ODD stock, with a simple moving average of -19.58% for the last 200 days.
Analysts’ Opinion of ODD
Many brokerage firms have already submitted their reports for ODD stocks, with Evercore ISI repeating the rating for ODD by listing it as a “Outperform.” The predicted price for ODD in the upcoming period, according to Evercore ISI is $57 based on the research report published on April 04, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see ODD reach a price target of $37, previously predicting the price at $60. The rating they have provided for ODD stocks is “Buy” according to the report published on October 04th, 2023.
Truist gave a rating of “Buy” to ODD, setting the target price at $54 in the report published on October 03rd of the previous year.
ODD Trading at -20.16% 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 -44.18% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 5.65%, as shares sank -20.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.93% lower at present.
During the last 5 trading sessions, ODD fell by -3.93%, which changed the moving average for the period of 200-days by -40.53% in comparison to the 20-day moving average, which settled at $33.39. In addition, ODDITY Tech Ltd. saw -32.82% 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 4.05. 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 conclusion, ODDITY Tech Ltd. (ODD) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
