At the time of writing, Olaplex Holdings Inc [OLPX] stock is trading at $1.92, up 5.49%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OLPX shares have gain 6.67% over the last week, with a monthly amount drifted -0.52%, 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 March 19, 2024, when Piper Sandler upgraded its rating to a Neutral and also boosted its price target to $2 from $1.25. Previously, Barclays upgraded its rating to Equal Weight on October 04, 2023. On August 25, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $2 on the stock. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $3 on August 11, 2023. Telsey Advisory Group downgraded its rating to a Market Perform and reduced its price target to $4 on August 09, 2023. TD Cowen downgraded its rating to Market Perform for this stock on March 16, 2023, and downed its price target to $4.50. In a note dated March 01, 2023, Goldman downgraded an Neutral rating on this stock but restated the target price of $6.
For the past year, the stock price of Olaplex Holdings Inc fluctuated between $1.35 and $4.30. Currently, Wall Street analysts expect the stock to reach $10.33 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 438.02% based on the average OLPX price forecast.
Analyzing the OLPX fundamentals
According to Olaplex Holdings Inc [NASDAQ:OLPX], the company’s sales were 458.30M for trailing twelve months, which represents an -14.54% plunge. 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 1.8600 points at the first support level, and at 1.8000 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9600, and for the 2nd resistance point, it is at 2.0000.
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
It is important to note that Olaplex Holdings Inc [NASDAQ:OLPX] has a current ratio of 10.92. In addition, the Quick Ratio stands at 9.21 and the Cash Ratio stands at 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.
