ODDITY Tech Ltd. (NASDAQ: ODD)’s stock price has gone rise by 3.38 in comparison to its previous close of 35.22, however, the company has experienced a -0.33% decrease in its stock price over the last five trading days. accesswire.com reported 2024-09-18 that LOS ANGELES, CA / ACCESSWIRE / September 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Oddity Tech Ltd. (“Oddity” or “the Company”) (NASDAQ:ODD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
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 25.69x. The 36-month beta value for ODD is also noteworthy at 4.52. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ODD is 25.19M, and at present, short sellers hold a 27.97% of that float. The average trading volume of ODD on September 25, 2024 was 411.27K shares.
ODD’s Market Performance
ODD stock saw a decrease of -0.33% in the past week, with a monthly decline of -2.36% and a quarterly a decrease of -5.97%. The volatility ratio for the week is 3.79%, and the volatility levels for the last 30 days are 3.79% for ODDITY Tech Ltd. (ODD). The simple moving average for the past 20 days is 3.16% for ODD’s stock, with a -8.79% simple moving average for the past 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 -4.20% 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 -27.70% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares sank -0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.50% lower at present.
During the last 5 trading sessions, ODD fell by -0.08%, which changed the moving average for the period of 200-days by -3.18% in comparison to the 20-day moving average, which settled at $35.28. In addition, ODDITY Tech Ltd. saw -21.75% 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:
- 0.19 for the present operating margin
- 0.72 for the gross margin
The net margin for ODDITY Tech Ltd. stands at 0.16. The total capital return value is set at 0.18. Equity return is now at value 30.42, with 20.87 for asset returns.
Based on ODDITY Tech Ltd. (ODD), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 3.24.
Currently, EBITDA for the company is 22.48 million with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 5.37. The receivables turnover for the company is 31.83for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In summary, ODDITY Tech Ltd. (ODD) has had a bad performance as of late. Analysts have bullish 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.
