Olaplex Holdings Inc [NASDAQ: OLPX] traded at a high on Monday, posting a 8.28 gain after which it closed the day’ session at $1.57.
The results of the trading session contributed to over 2192437 shares changing hands. Over the past one week, the price volatility of Olaplex Holdings Inc stands at 7.10% while the volatility over the past one month is 6.78%.
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The market cap for OLPX stock reached $1.04 billion, with 660.73 million shares outstanding and 129.43 million shares in the current float. Compared to the average trading volume of 2.10M shares, OLPX reached a trading volume of 2192437 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $2.36 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 3.00. 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.
Piper Sandler have made an estimate for Olaplex Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 19, 2024. The new note on the price target was released on October 04, 2023, representing the official price target for Olaplex Holdings Inc stock. Previously, the target price had yet another drop from $3 to $2, while Piper Sandler kept a Underweight rating on OLPX stock. On August 11, 2023, analysts decreased their price target for OLPX shares from 5 to 3.
The Average True Range (ATR) for Olaplex Holdings Inc is set at 0.11, with the Price to Sales ratio for OLPX stock in the period of the last 12 months amounting to 2.34. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 0.77. Price to Free Cash Flow for OLPX in the course of the last twelve months was 6.03 with Quick ratio for the last quarter at 9.12.
How has OLPX stock performed recently?
Olaplex Holdings Inc [OLPX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.09. With this latest performance, OLPX shares gained by 18.94% in over the last four-week period, additionally sinking by -18.65% over the last 6 months – not to mention a drop of -53.27% 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 51.59, with the RSI for the last a single of trading hit 53.38, and the three-weeks RSI is set at 49.60 for Olaplex Holdings Inc [OLPX]. The present Moving Average for the last 50 days of trading for this stock 1.5803, while it was recorded at 1.5200 for the last single week of trading, and 2.0024 for the last 200 days.
Olaplex Holdings Inc [OLPX]: Deeper insight into the fundamentals
Olaplex Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.12 and a Current Ratio set at 10.71.
Earnings analysis for Olaplex Holdings Inc [OLPX]
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 6.10%.
Insider trade positions for Olaplex Holdings Inc [OLPX]
The top three institutional holders of OLPX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OLPX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OLPX stock with ownership which is approximately 5.8386%.
