Olaplex Holdings Inc [NASDAQ: OLPX] stock went on a downward path that fall over -2.14% on Thursday, amounting to a one-week price decrease of less than -1.29%.
Over the last 12 months, OLPX stock rose by 22.46%. The one-year Olaplex Holdings Inc stock forecast points to a potential upside of 10.55. The average equity rating for OLPX stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.52 billion, with 660.73 million shares outstanding and 126.47 million shares in the current float. Compared to the average trading volume of 2.97M shares, OLPX stock reached a trading volume of 4012056 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $2.56 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.
Telsey Advisory Group have made an estimate for Olaplex Holdings Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 07, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $1.25 to $2. The new note on the price target was released on March 19, 2024, representing the official price target for Olaplex Holdings Inc stock. On August 25, 2023, analysts decreased their price target for OLPX shares from 3 to 2.
The Average True Range (ATR) for Olaplex Holdings Inc is set at 0.15, with the Price to Sales ratio for OLPX stock in the period of the last 12 months amounting to 3.46. The Price to Book ratio for the last quarter was 1.76, 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 9.38 with Quick ratio for the last quarter at 7.85.
OLPX Stock Performance Analysis:
Olaplex Holdings Inc [OLPX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.29. With this latest performance, OLPX shares dropped by 0.00% in over the last four-week period, additionally plugging by 30.11% over the last 6 months – not to mention a rise of 22.46% 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 50.92, with the RSI for the last a single of trading hit 47.16, and the three-weeks RSI is set at 52.60 for Olaplex Holdings Inc [OLPX]. The present Moving Average for the last 50 days of trading for this stock 2.17, while it was recorded at 2.33 for the last single week of trading, and 1.93 for the last 200 days.
Insight into Olaplex Holdings Inc Fundamentals:
Olaplex Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.85 and a Current Ratio set at 9.27.
OLPX Stock EPS
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%.
Olaplex Holdings Inc [OLPX] Institutonal Ownership Details
There are presently around $97.75%, or 99.32%% of OLPX stock, in the hands of institutional investors. The top three institutional holders of OLPX stocks are: ADVENT INTERNATIONAL CORP/MA with ownership of 499.47 million shares, which is approximately 75.583%. PACER ADVISORS, INC., holding 19.69 million shares of the stock with an approximate value of $$30.32 million in OLPX stocks shares; and PACER ADVISORS, INC., currently with $$20.61 million in OLPX stock with ownership which is approximately 2.0256%.
