How did ODDITY Tech Ltd (ODD) surprise investors with its report?

A share price of ODDITY Tech Ltd [ODD] is currently trading at $43.12, up 6.97%. 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 1.72% over the last week, with a monthly amount glided 10.54%, and 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 experienced fluctuations in its stock price throughout the past year between $30.34 and $50.36. Currently, Wall Street analysts expect the stock to reach $55.67 within the next 12 months. ODDITY Tech Ltd [NASDAQ: ODD] shares were valued at $43.12 at the most recent close of the market. An investor can expect a potential return of 29.1% based on the average ODD price forecast.

Analyzing the ODD fundamentals

Trailing Twelve Months sales for ODDITY Tech Ltd [NASDAQ:ODD] were 620.65M which represents 25.96% growth. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.33 and Total Capital is 0.22.

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 41.16 points at the first support level, and at 39.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.22, and for the 2nd resistance point, it is at 45.31.

Ratios To Look Out For

To put it in perspective, the Current Ratio for ODDITY Tech Ltd [NASDAQ:ODD] is 2.07. In addition, the Quick Ratio stands at 1.36 and the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 6.81 and price to earnings (TTM) ratio is 26.35.

Transactions by insiders

Recent insider trading involved LCGP3 Pro Makeup, L.P., Stockholder, that happened on Nov 13 ’24 when 1.25 million shares were purchased.

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