The price-to-earnings ratio for ODDITY Tech Ltd (NASDAQ: ODD) is above average at 29.26x, Company’s 36-month beta value is 4.49.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ODD is 25.19M, and currently, short sellers hold a 23.39% ratio of that floaft. The average trading volume of ODD on December 06, 2024 was 379.91K shares.
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ODD) stock’s latest price update
ODDITY Tech Ltd (NASDAQ: ODD) has seen a rise in its stock price by 7.65 in relation to its previous close of 44.49. However, the company has experienced a 3.09% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-04 that Earlier this year FDA granted REVASCOR both Rare Pediatric Disease Designation (RPDD) and Orphan-Drug Designation (ODD) for congenital heart disease Earlier this year FDA granted REVASCOR both Rare Pediatric Disease Designation (RPDD) and Orphan-Drug Designation (ODD) for congenital heart disease
ODD’s Market Performance
ODD’s stock has risen by 3.09% in the past week, with a monthly rise of 10.25% and a quarterly rise of 44.56%. The volatility ratio for the week is 3.78% while the volatility levels for the last 30 days are 5.35% for ODDITY Tech Ltd The simple moving average for the last 20 days is 7.75% for ODD stock, with a simple moving average of 21.04% 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 14.44% 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 -4.90% of loss for the given period.
Volatility was left at 5.35%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares surge +13.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.61% upper at present.
During the last 5 trading sessions, ODD rose by +2.72%, which changed the moving average for the period of 200-days by +21.22% in comparison to the 20-day moving average, which settled at $44.44. In addition, ODDITY Tech Ltd saw 2.93% in overturn over a single year, with a tendency to cut further gains.
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.
Currently, EBITDA for the company is 82.92 million with net debt to EBITDA at -0.49. When we switch over and look at the enterprise to sales, we see a ratio of 6.84. 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 a nutshell, ODDITY Tech Ltd (ODD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
