ODDITY Tech Ltd (NASDAQ: ODD) has experienced a decline in its stock price by -2.66 compared to its previous closing price of 44.67. However, the company has seen a fall of -6.13% in its stock price over the last five trading days. 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
Is It Worth Investing in ODDITY Tech Ltd (NASDAQ: ODD) Right Now?
The price-to-earnings ratio for ODDITY Tech Ltd (NASDAQ: ODD) is 26.57x, which is above its average ratio. Moreover, the 36-month beta value for ODD is 4.47. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ODD is 25.19M and currently, short sellers hold a 21.37% of that float. On December 27, 2024, ODD’s average trading volume was 387.17K shares.
ODD’s Market Performance
ODD stock saw a decrease of -6.13% in the past week, with a monthly decline of -9.51% and a quarterly a decrease of 12.61%. The volatility ratio for the week is 4.66%, and the volatility levels for the last 30 days are 5.06% for ODDITY Tech Ltd (ODD). The simple moving average for the past 20 days is -6.70% for ODD’s stock, with a 9.21% simple moving average for the past 200 days.
Analysts’ Opinion of ODD
Many brokerage firms have already submitted their reports for ODD stocks, with Goldman repeating the rating for ODD by listing it as a “Neutral.” The predicted price for ODD in the upcoming period, according to Goldman is $48 based on the research report published on December 13, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see ODD reach a price target of $57. The rating they have provided for ODD stocks is “Outperform” according to the report published on April 04th, 2024.
BofA Securities gave a rating of “Buy” to ODD, setting the target price at $37 in the report published on October 04th of the previous year.
ODD Trading at -0.33% 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 -14.75% of loss for the given period.
Volatility was left at 5.06%, however, over the last 30 days, the volatility rate increased by 4.66%, as shares sank -7.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.82% upper at present.
During the last 5 trading sessions, ODD fell by -6.13%, which changed the moving average for the period of 200-days by -5.72% in comparison to the 20-day moving average, which settled at $46.60. In addition, ODDITY Tech Ltd saw -6.55% 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 Drucker Mann Lindsay, who proposed sale 51,206 shares at the price of $49.55 back on Dec 10 ’24. After this action, Drucker Mann Lindsay now owns shares of ODDITY Tech Ltd, valued at $2,537,257 using the latest closing price.
LCGP3 Pro Makeup, L.P., the Stockholder of ODDITY Tech Ltd, proposed sale 1,250,000 shares at $44.61 during a trade that took place back on Nov 13 ’24, which means that LCGP3 Pro Makeup, L.P. is holding shares at $55,762,500 based on the most recent 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 6.13. 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
To wrap up, the performance of ODDITY Tech Ltd (ODD) has been bad in recent times. The stock has received a bullish 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.
