The price-to-earnings ratio for Olaplex Holdings Inc (NASDAQ: OLPX) is 22.14x, 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 130.38M and currently, short sellers hold a 6.25% of that float. On May 09, 2024, OLPX’s average trading volume was 2.21M shares.
OLPX) stock’s latest price update
Olaplex Holdings Inc (NASDAQ: OLPX)’s stock price has soared by 4.61 in relation to previous closing price of 1.52. Nevertheless, the company has seen a gain of 13.57% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-05 that Olaplex Holdings, Inc. (NASDAQ:OLPX ) Q1 2024 Earnings Conference Call May 5, 2024 9:00 AM ET Company Participants Patrick Flaherty – Vice President, Investor Relations Amanda Baldwin – Chief Executive Officer Eric Tiziani – Chief Financial Officer Conference Call Participants Jonna Kim – TD Cowen Andrea Teixeira – JPMorgan Olivia Tong – Raymond James Lauren Lieberman – Barclays Korinne Wolfmeyer – Piper Sandler Javier Escalante – Evercore ISI Susan Anderson – Canaccord Genuity Operator Greetings, and welcome to the Olaplex Holdings First Quarter 2024 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
OLPX’s Market Performance
OLPX’s stock has risen by 13.57% in the past week, with a monthly drop of -2.45% and a quarterly drop of -30.87%. The volatility ratio for the week is 10.38% while the volatility levels for the last 30 days are 8.38% for Olaplex Holdings Inc. The simple moving average for the past 20 days is 12.49% for OLPX’s stock, with a -25.40% simple moving average for the past 200 days.
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 -4.00% 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 -62.72% of loss for the given period.
Volatility was left at 8.38%, however, over the last 30 days, the volatility rate increased by 10.38%, as shares surge +7.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.29% lower at present.
During the last 5 trading sessions, OLPX rose by +13.57%, which changed the moving average for the period of 200-days by -59.64% in comparison to the 20-day moving average, which settled at $1.4190. In addition, Olaplex Holdings Inc saw -37.40% 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 Belhumeur Kristi A, who sale 42,480 shares at the price of $1.68 back on May 03 ’24. After this action, Belhumeur Kristi A now owns 294,553 shares of Olaplex Holdings Inc, valued at $71,366 using the latest closing price.
BILBREY JOHN P, the Director of Olaplex Holdings Inc, purchase 8,100 shares at $2.29 during a trade that took place back on Sep 15 ’23, which means that BILBREY JOHN P is holding 58,100 shares at $18,549 based on the most recent closing price.
Stock Fundamentals for OLPX
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.67 for the gross margin
The net margin for Olaplex Holdings Inc stands at 0.11. The total capital return value is set at 0.05. Equity return is now at value 5.82, with 2.78 for asset returns.
Based on Olaplex Holdings Inc (OLPX), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 184.97 million with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.7. The receivables turnover for the company is 17.18for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.71.
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.
