ODDITY Tech Ltd (NASDAQ: ODD)’s stock price has gone decline by -4.98 in comparison to its previous close of 44.61, however, the company has experienced a 0.66% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-13 that NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) — ODDITY Tech Ltd. (NASDAQ: ODD) today announced that it has entered into a transaction with a fund managed by L Catterton (“L Catterton”) to repurchase approximately 2.35 million Class A Ordinary Shares (the “Shares”) of the Company for a total cash consideration of approximately $100 million, at a purchase price of $42.501 per share. The transaction will be funded from the Company’s existing cash resources.
Is It Worth Investing in ODDITY Tech Ltd (NASDAQ: ODD) Right Now?
ODDITY Tech Ltd (NASDAQ: ODD) has a higher price-to-earnings ratio of 25.90x compared to its average ratio, The 36-month beta value for ODD is at 4.46. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ODD is 25.19M, and currently, shorts hold a 24.49% of that float. The average trading volume for ODD on November 15, 2024 was 355.61K shares.
ODD’s Market Performance
ODD’s stock has seen a 0.66% increase for the week, with a 2.91% rise in the past month and a 6.43% gain in the past quarter. The volatility ratio for the week is 6.03%, and the volatility levels for the past 30 days are at 4.84% for ODDITY Tech Ltd The simple moving average for the last 20 days is 2.95% for ODD’s stock, with a simple moving average of 7.54% 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 8.31% 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 -15.83% of loss for the given period.
Volatility was left at 4.84%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares surge +4.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.29% upper at present.
During the last 5 trading sessions, ODD rose by +0.66%, which changed the moving average for the period of 200-days by +2.64% in comparison to the 20-day moving average, which settled at $41.17. In addition, ODDITY Tech Ltd saw -8.90% 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 ODD starting from LCGP3 Pro Makeup, L.P., who proposed sale 1,250,000 shares at the price of $44.61 back on Nov 13 ’24. After this action, LCGP3 Pro Makeup, L.P. now owns shares of ODDITY Tech Ltd, valued at $55,762,500 using the latest closing price.
Stock Fundamentals for ODD
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.72 for the gross margin
The net margin for ODDITY Tech Ltd stands at 0.19. The total capital return value is set at 0.22. Equity return is now at value 32.11, with 22.79 for asset returns.
Based on ODDITY Tech Ltd (ODD), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 9.71.
Currently, EBITDA for the company is 82.92 million with net debt to EBITDA at -0.61. When we switch over and look at the enterprise to sales, we see a ratio of 5.93. The receivables turnover for the company is 36.41for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.
Conclusion
In conclusion, ODDITY Tech Ltd (ODD) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
