ODDITY Tech Ltd. [ODD] stock is trading at $32.90, up 1.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ODD shares have gain 2.91% over the last week, with a monthly amount drifted -18.02%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ODDITY Tech Ltd. [NASDAQ: ODD] stock has seen the most recent analyst activity on April 04, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $57. Previously, BofA Securities upgraded its rating to Buy on October 04, 2023, and dropped its price target to $37. On October 03, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $54 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $60 on August 15, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $57 as its price target on August 15, 2023. Truist started tracking with a Hold rating for this stock on August 14, 2023, and assigned it a price target of $54. In a note dated August 14, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $57 on this stock.
ODDITY Tech Ltd. [ODD] stock has fluctuated between $24.12 and $56.00 over the past year. Currently, Wall Street analysts expect the stock to reach $57 within the next 12 months. ODDITY Tech Ltd. [NASDAQ: ODD] shares were valued at $32.90 at the most recent close of the market. An investor can expect a potential return of 73.25% based on the average ODD price forecast.
Analyzing the ODD fundamentals
ODDITY Tech Ltd. [NASDAQ:ODD] reported sales of 138.99M for the trailing twelve months, which represents a growth of 31.54%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.16%, 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 0.49, Equity is 0.33 and Total Capital is 0.85. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 32.24 points at the first support level, and at 31.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.65, and for the 2nd resistance point, it is at 34.41.
ODDITY Tech Ltd. [ODD] reported earnings per share of $0.17 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.05 and a surprise factor of 41.70%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.21 per share as compared to estimates of $0.14 per share, a difference of $0.07 representing a surprise of 50.00%.
Ratios To Look Out For
For context, ODDITY Tech Ltd.’s Current Ratio is 2.05. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 13.46, the price to book ratio is 23.80 and price to earnings (TTM) ratio is 115.44.
