Olaplex Holdings Inc. [NASDAQ: OLPX] loss -0.74% or -0.03 points to close at $4.02 with a heavy trading volume of 6724167 shares. The company report on October 18, 2022 that OLAPLEX Revises Fiscal 2022 Guidance.
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Provides Preliminary Q3 2022 Sales and Net Income Expectations.
It opened the trading session at $4.04, the shares rose to $4.06 and dropped to $3.80, the range by which the price of stock traded the whole day. The daily chart for OLPX points out that the company has recorded -72.93% loss over the past six months. However, it is still -2.03% lower than its most recent low trading price.
If we look at the average trading volume of 3.31M shares, OLPX reached to a volume of 6724167 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Olaplex Holdings Inc. [OLPX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OLPX shares is $8.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OLPX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Olaplex Holdings Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $13 to $6.50. The new note on the price target was released on October 19, 2022, representing the official price target for Olaplex Holdings Inc. stock. Previously, the target price had yet another drop from $16 to $8, while JP Morgan kept a Underweight rating on OLPX stock. On October 19, 2022, analysts decreased their price target for OLPX shares from 18 to 6.
The Average True Range (ATR) for Olaplex Holdings Inc. is set at 0.82, with the Price to Sales ratio for OLPX stock in the period of the last 12 months amounting to 3.63. The Price to Book ratio for the last quarter was 3.83, with the Price to Cash per share for the same quarter was set at 0.30. Price to Free Cash Flow for OLPX in the course of the last twelve months was 10.45 with Quick ratio for the last quarter at 3.30.
Trading performance analysis for OLPX stock
Olaplex Holdings Inc. [OLPX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -58.13. With this latest performance, OLPX shares dropped by -65.22% in over the last four-week period, additionally sinking by -72.93% over the last 6 months – not to mention a drop of -86.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OLPX stock in for the last two-week period is set at 15.33, with the RSI for the last a single of trading hit 12.24, and the three-weeks RSI is set at 18.90 for Olaplex Holdings Inc. [OLPX]. The present Moving Average for the last 50 days of trading for this stock 11.37, while it was recorded at 5.24 for the last single week of trading, and 15.20 for the last 200 days.
Olaplex Holdings Inc. [OLPX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Olaplex Holdings Inc. [OLPX] shares currently have an operating margin of +59.64 and a Gross Margin at +72.37. Olaplex Holdings Inc.’s Net Margin is presently recorded at +36.90.
Return on Equity for this stock inclined to 41.86, with Return on Assets sitting at 15.22.
Olaplex Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 4.90.
Olaplex Holdings Inc. [OLPX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OLPX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Olaplex Holdings Inc. go to 27.90%.
An analysis of insider ownership at Olaplex Holdings Inc. [OLPX]
There are presently around $2,438 million, in the hands of institutional investors. The top three institutional holders of OLPX stocks are: ADVENT INTERNATIONAL CORP/MA with ownership of 499,468,771, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 16,916,307 shares of the stock with an approximate value of $68.0 million in OLPX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $54.13 million in OLPX stock with ownership of nearly 19.456% of the company’s market capitalization.
Positions in Olaplex Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 112 institutional holders increased their position in Olaplex Holdings Inc. [NASDAQ:OLPX] by around 38,453,381 shares. Additionally, 86 investors decreased positions by around 29,292,697 shares, while 24 investors held positions by with 538,618,333 shares. The mentioned changes placed institutional holdings at 606,364,411 shares, according to the latest SEC report filing. OLPX stock had 47 new institutional investments in for a total of 13,382,395 shares, while 37 institutional investors sold positions of 19,740,419 shares during the same period.