The stock of Olaplex Holdings Inc (NASDAQ: OLPX) has decreased by -0.49 when compared to last closing price of 2.04. Despite this, the company has experienced a -2.87% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-04 that In September, thirty new analysts joined Seeking Alpha, offering diverse stock picks and insights, from Strong Buy to Strong Sell ratings. Highlighted picks include InMode Ltd., Intel Corporation, and iShares 20+ Year Treasury Bond ETF, each with unique investment theses and strong buy ratings. Analysts’ backgrounds range from software engineering to finance, enhancing their stock research with diverse perspectives and methodologies.
Is It Worth Investing in Olaplex Holdings Inc (NASDAQ: OLPX) Right Now?
The price-to-earnings ratio for Olaplex Holdings Inc (NASDAQ: OLPX) is 28.39x, which is above its average ratio. Moreover, the 36-month beta value for OLPX is 2.43. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for OLPX is 126.47M and currently, short sellers hold a 9.24% of that float. On October 23, 2024, OLPX’s average trading volume was 3.00M shares.
OLPX’s Market Performance
OLPX’s stock has seen a -2.87% decrease for the week, with a -11.35% drop in the past month and a 1.50% gain in the past quarter. The volatility ratio for the week is 4.12%, and the volatility levels for the past 30 days are at 4.81% for Olaplex Holdings Inc The simple moving average for the past 20 days is -8.89% for OLPX’s stock, with a 5.80% simple moving average for the past 200 days.
Analysts’ Opinion of OLPX
Many brokerage firms have already submitted their reports for OLPX stocks, with Telsey Advisory Group repeating the rating for OLPX by listing it as a “Market Perform.” The predicted price for OLPX in the upcoming period, according to Telsey Advisory Group is $3 based on the research report published on August 07, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see OLPX reach a price target of $2, previously predicting the price at $1.25. The rating they have provided for OLPX stocks is “Neutral” according to the report published on March 19th, 2024.
OLPX Trading at -8.58% 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 -31.88% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares sank -12.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.41% upper at present.
During the last 5 trading sessions, OLPX fell by -2.87%, which changed the moving average for the period of 200-days by -4.25% in comparison to the 20-day moving average, which settled at $2.23. In addition, Olaplex Holdings Inc saw -20.08% 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 Tiziani Eric, who sale 25,086 shares at the price of $1.35 back on Apr 16 ’24. After this action, Tiziani Eric now owns 844,786 shares of Olaplex Holdings Inc, valued at $33,866 using the latest closing price.
Belhumeur Kristi A, the Senior VP of Accounting of Olaplex Holdings Inc, sale 13,423 shares at $1.85 during a trade that took place back on Apr 02 ’24, which means that Belhumeur Kristi A is holding 323,610 shares at $24,833 based on the most recent closing price.
Stock Fundamentals for OLPX
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.64 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 5.71, with 2.76 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 0.25. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 1.35.
Currently, EBITDA for the company is 184.97 million with net debt to EBITDA at 0.87. When we switch over and look at the enterprise to sales, we see a ratio of 3.4. The receivables turnover for the company is 12.9for 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 9.27.
Conclusion
To wrap up, the performance of Olaplex Holdings Inc (OLPX) has been mixed 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.
