Olaplex Holdings Inc [OLPX] stock is trading at $2.09, down -4.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The OLPX shares have gain 20.81% over the last week, with a monthly amount glided 30.62%, and seem to be holding up well over a long-time horizon.
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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.
Olaplex Holdings Inc [OLPX] stock has fluctuated between $1.19 and $4.11 over the past year. 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 $2.09 at the most recent close of the market. An investor can expect a potential return of 394.26% based on the average OLPX price forecast.
Analyzing the OLPX fundamentals
Olaplex Holdings Inc [NASDAQ:OLPX] reported sales of 443.42M for the trailing twelve months, which represents a drop of -13.08%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 1.95 points at the first support level, and at 1.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.25, and for the 2nd resistance point, it is at 2.42.
Ratios To Look Out For
For context, Olaplex Holdings Inc’s Current Ratio is 10.71. On the other hand, the Quick Ratio is 9.12, and the Cash Ratio is 8.5. Considering the valuation of this stock, the price to sales ratio is 3.12, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 29.11.
Transactions by insiders
Recent insider trading involved Belhumeur Kristi A, Senior VP of Accounting, that happened on May 03 ’24 when 42480.0 shares were sold. Director, BILBREY JOHN P completed a deal on Sep 15 ’23 to buy 8100.0 shares. Meanwhile, Director BILBREY JOHN P bought 43500.0 shares on Aug 15 ’23.
