Olaplex Holdings Inc (OLPX) concluded trading on Wednesday at a closing price of $1.33, with 4.48 million shares of worth about $5.96 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.12% during that period and on Wednesday the price saw a gain of about 4.72%. Currently the company’s common shares owned by public are about 664.22M shares, out of which, 122.21M shares are available for trading.
Stock saw a price change of -6.34% in past 5 days and over the past one month there was a price change of -6.34%. Year-to-date (YTD), OLPX shares are showing a performance of -23.12% which decreased to -29.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.19 but also hit the highest price of $2.77 during that period. The average intraday trading volume for Olaplex Holdings Inc shares is 1.39 million. The stock is currently trading -8.47% below its 20-day simple moving average (SMA20), while that difference is down -11.36% for SMA50 and it goes to -28.14% lower than SMA200.
Olaplex Holdings Inc (NASDAQ: OLPX) currently have 664.22M outstanding shares and institutions hold larger chunk of about 19.83% of that.
The stock has a current market capitalization of $883.95M and its 3Y-monthly beta is at 2.39. PE ratio of stock for trailing 12 months is 45.39, while it has posted earnings per share of $0.03 in the same period. It has Quick Ratio of 9.51 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OLPX, volatility over the week remained 7.25% while standing at 6.50% over the month.
Analysts are in expectations that Olaplex Holdings Inc (OLPX) stock would likely to be making an EPS of 0.02 in the current quarter, while forecast for next quarter EPS is 0.02 and it is 0.08 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.01 which is 0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -37.37% while it is estimated to increase by 9.68% in next year. EPS is likely to grow at an annualized rate of -9.14% for next 5-years, compared to annual growth of -20.78% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on August 07, 2024 offering a Market perform rating for the stock and assigned a target price range of between $2 and $3 to it. Coverage by Piper Sandler stated Olaplex Holdings Inc (OLPX) stock as a Neutral in their note to investors on March 19, 2024, suggesting a price target of $2 for the stock. On October 04, 2023, Barclays Upgrade their recommendations, while on August 25, 2023, Piper Sandler Downgrade their ratings for the stock with a price target of $2. Stock get a Hold rating from Canaccord Genuity on August 11, 2023.
