A share price of Olaplex Holdings Inc [OLPX] is currently trading at $1.92, up 3.78%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OLPX shares have gain 5.49% over the last week, with a monthly amount drifted -16.52%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, OLAPLEX Reports Fourth Quarter and Fiscal Year 2023 Results. In a post published today on Yahoo Finance, Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX” or the “Company”) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
From an analyst’s perspective:
Olaplex Holdings Inc [NASDAQ: OLPX] stock has seen the most recent analyst activity on October 04, 2023, when Barclays upgraded its rating to a Equal Weight. Previously, Piper Sandler downgraded its rating to Underweight on August 25, 2023, and dropped its price target to $2. On August 11, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $3 on the stock. Telsey Advisory Group downgraded its rating to a Market Perform and decreased its price target to $4 on August 09, 2023. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $4.50 on March 16, 2023. Goldman downgraded its rating to Neutral for this stock on March 01, 2023, but kept the price target unchanged to $6. In a note dated November 17, 2022, Canaccord Genuity initiated an Buy rating and provided a target price of $8 on this stock.
Olaplex Holdings Inc experienced fluctuations in its stock price throughout the past year between $1.35 and $4.30. Currently, Wall Street analysts expect the stock to reach $13.67 within the next 12 months. Olaplex Holdings Inc [NASDAQ: OLPX] shares were valued at $1.92 at the most recent close of the market. An investor can expect a potential return of 611.98% based on the average OLPX price forecast.
Analyzing the OLPX fundamentals
Trailing Twelve Months sales for Olaplex Holdings Inc [NASDAQ:OLPX] were 458.30M which represents -14.54% decline. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
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 1.8667 points at the first support level, and at 1.8133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9567, and for the 2nd resistance point, it is at 1.9933.
Olaplex Holdings Inc [OLPX] reported earnings per share of $0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.03 per share, a difference of $0.02 representing a surprise of 66.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Olaplex Holdings Inc [NASDAQ:OLPX] is 10.92. Further, the Quick Ratio stands at 9.21, while the Cash Ratio is 8.31. Considering the valuation of this stock, the price to sales ratio is 2.77, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 21.15.
Transactions by insiders
Recent insider trading involved BILBREY JOHN P, Director, that happened on Sep 15 ’23 when 8100.0 shares were purchased. Director, BILBREY JOHN P completed a deal on Aug 15 ’23 to buy 43500.0 shares. Meanwhile, Director BILBREY JOHN P bought 6500.0 shares on Aug 14 ’23.
