Olaplex Holdings Inc [NASDAQ: OLPX] loss -3.63% or -0.07 points to close at $1.86 with a heavy trading volume of 5201339 shares. The company report on February 29, 2024 at 6:45 AM that OLAPLEX Reports Fourth Quarter and Fiscal Year 2023 Results.
For the fourth quarter 2023 compared to the fourth quarter 2022:.
The daily chart for OLPX points out that the company has recorded -32.36% loss over the past six months.
If we look at the average trading volume of 2.10M shares, OLPX reached to a volume of 5201339 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 $3.08 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 3.18. 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.
Barclays have made an estimate for Olaplex Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 04, 2023. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $3 to $2. The new note on the price target was released on August 25, 2023, representing the official price target for Olaplex Holdings Inc stock. Previously, the target price had yet another drop from $5 to $3, while Canaccord Genuity kept a Hold rating on OLPX stock. On August 09, 2023, analysts decreased their price target for OLPX shares from 6 to 4.
The Average True Range (ATR) for Olaplex Holdings Inc is set at 0.14, with the Price to Sales ratio for OLPX stock in the period of the last 12 months amounting to 2.55. The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 0.66. Price to Free Cash Flow for OLPX in the course of the last twelve months was 6.05 with Quick ratio for the last quarter at 8.68.
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 -5.58. With this latest performance, OLPX shares dropped by -22.82% in over the last four-week period, additionally sinking by -32.36% over the last 6 months – not to mention a drop of -62.20% 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 33.67, with the RSI for the last a single of trading hit 28.77, and the three-weeks RSI is set at 37.81 for Olaplex Holdings Inc [OLPX]. The present Moving Average for the last 50 days of trading for this stock 2.2572, while it was recorded at 1.9400 for the last single week of trading, and 2.6029 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 8.68 and a Current Ratio set at 10.69.
Olaplex Holdings Inc [OLPX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Olaplex Holdings Inc posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. 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.
An analysis of Institutional ownership at Olaplex Holdings Inc [OLPX]
The top three institutional holders of OLPX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in OLPX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in OLPX stock with ownership which is approximately 5.8325%.
