The Short-term Rise and Fall of ODDITY Tech Ltd. (ODD) Stock

As of right now, ODDITY Tech Ltd. [ODD] is trading at $35.10, up 1.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ODD shares have gain 23.64% over the last week, with a monthly amount glided 29.33%, and seem to be holding up well over a long-time horizon.

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On 7, November 2023, ODDITY Tech Reports Record Third Quarter Results, Exceeds Guidance and Raises Full Year Revenue and Profit Outlook. In a post published today on Yahoo Finance, ODDITY Tech Ltd. (NASDAQ: ODD) today announced its financial results for the third quarter and nine months ended September 30, 2023.

From an analyst’s perspective:

ODDITY Tech Ltd. [NASDAQ: ODD] stock has seen the most recent analyst activity on October 04, 2023, when BofA Securities upgraded its rating to a Buy and also revised its price target to $37 from $60.

Through the last year, ODDITY Tech Ltd.’s stock price ranged from $24.12 to $56.00. Currently, Wall Street analysts expect the stock to reach $46.43 within the next 12 months. ODDITY Tech Ltd. [NASDAQ: ODD] shares were valued at $35.10 at the most recent close of the market. An investor can expect a potential return of 32.28% based on the average ODD price forecast.

Analyzing the ODD fundamentals

Gross Margin for this corporation currently stands at +67.19% with Operating Margin at +8.52%, Pretax Margin comes in at +8.91%, and Net Margin reading is +6.70%. To continue investigating profitability, this company’s Return on Assets is posted at 6.33, Equity is 11.51, Total Capital is 13.47, and Invested Capital is 11.19. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 12.52 and enduring liabilities to the whole assets at 7.34.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.17 points at the first support level, and at 33.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.67, and for the 2nd resistance point, it is at 38.23.

ODDITY Tech Ltd. [ODD] reported earnings per share of $0.21 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of $0.07 and a surprise factor of 50.00%.

Ratios To Look Out For

It is important to note that ODDITY Tech Ltd. [NASDAQ:ODD] has a current ratio of 1.81. In addition, the Quick Ratio stands at 0.84 and the Cash Ratio stands at 0.68.