Olaplex Holdings Inc. [NASDAQ: OLPX] loss -6.19% on the last trading session, reaching $4.24 price per share at the time. The company report on October 31, 2022 that Olaplex Holdings, Inc. to Report Third Quarter Fiscal 2022 Financial Results on November 9th.
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The company plans to host an investor conference call and webcast to review third quarter 2022 financial results at 9:00am ET/6:00am PT on the same day. The webcast can be accessed at https://ir.olaplex.com/. The conference call can be accessed by calling (646) 307-1963 or (800) 715-9871 for a toll-free number (participant passcode: 60147). A replay of the webcast will remain available on the website for 90 days.
Olaplex Holdings Inc. represents 648.97 million in outstanding shares, while the company has a total market value of $2.77 billion with the latest information. OLPX stock price has been found in the range of $4.17 to $4.515.
If compared to the average trading volume of 3.61M shares, OLPX reached a trading volume of 4745461 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 2.90. 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 0.61, with the Price to Sales ratio for OLPX stock in the period of the last 12 months amounting to 3.82. The Price to Book ratio for the last quarter was 4.04, 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 10.99 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 -2.75. With this latest performance, OLPX shares dropped by -58.59% in over the last four-week period, additionally sinking by -70.66% over the last 6 months – not to mention a drop of -84.78% 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 21.13, with the RSI for the last a single of trading hit 21.10, and the three-weeks RSI is set at 22.88 for Olaplex Holdings Inc. [OLPX]. The present Moving Average for the last 50 days of trading for this stock 9.82, while it was recorded at 4.36 for the last single week of trading, and 14.53 for the last 200 days.
Olaplex Holdings Inc. [OLPX]: A deeper dive into fundamental analysis
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 $2,572 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 $71.72 million in OLPX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $57.09 million in OLPX stock with ownership of nearly 19.456% of the company’s market capitalization.
113 institutional holders increased their position in Olaplex Holdings Inc. [NASDAQ:OLPX] by around 38,393,047 shares. Additionally, 88 investors decreased positions by around 29,203,733 shares, while 23 investors held positions by with 539,109,675 shares. The mentioned changes placed institutional holdings at 606,706,455 shares, according to the latest SEC report filing. OLPX stock had 45 new institutional investments in for a total of 13,467,175 shares, while 36 institutional investors sold positions of 19,634,468 shares during the same period.