Do Olaplex Holdings Inc (NASDAQ: OLPX) Fit In A Value Investing Philosophy?

Currently, there are 660.73M common shares owned by the public and among those 127.11M shares have been available to trade.

The company’s stock has a 5-day price change of 10.75% and 31.21% over the past three months. OLPX shares are trading -18.90% year to date (YTD), with the 12-month market performance down to -23.70% lower. It has a 12-month low price of $1.19 and touched a high of $2.98 over the same period. OLPX has an average intraday trading volume of 2.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.82%, 15.52%, and 8.77% respectively.

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Institutional ownership of Olaplex Holdings Inc (NASDAQ: OLPX) shares accounts for 18.65% of the company’s 660.73M shares outstanding.

It has a market capitalization of $1.36B and a beta (3y monthly) value of 2.42. The stock’s trailing 12-month PE ratio is 28.81, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 4.72 and a Quick Ratio of 7.85 with the debt-to-equity ratio at 0.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.08% over the week and 11.04% over the month.

Earnings per share for the fiscal year are expected to decrease by -13.07%, and 20.78% over the next financial year. EPS should grow at an annualized rate of 6.10% over the next five years, compared to -0.81% over the past 5-year period.

Looking at the support for the OLPX, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on August 07, 2024, with the firm’s price target at $2-$3. Piper Sandler coverage for the Olaplex Holdings Inc (OLPX) stock in a research note released on March 19, 2024 offered a Neutral rating with a price target of $2. Barclays was of a view on October 04, 2023 that the stock is Equal Weight, while Piper Sandler gave the stock Underweight rating on August 25, 2023, issuing a price target of $3- $2. Canaccord Genuity on their part issued Hold rating on August 11, 2023.

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