Olaplex Holdings Inc. (NASDAQ:OLPX) shares, rose in value on Friday, May 13, with the stock price up by 6.58% to the previous day’s close as strong demand from buyers drove the stock to $13.77.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.92, falling within a range of $11.75 and $13.55. The PE ratio was 39.39 over 12-month period. Referring to stock’s 52-week performance, its high was $30.41, and the low was $11.73. On the whole, OLPX has fluctuated by -11.93% over the past month.
With the market capitalization of Olaplex Holdings Inc. currently standing at about $8.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 11, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.16 for fiscal year $0.54 and then to about $0.67 by fiscal year 2023. Data indicates that the EPS growth is expected to be 35.00% in 2023, while the next year’s EPS growth is forecast to be 24.10%.
Analysts have estimated the company’s revenue for the quarter at $201.22 million, with a low estimate of $194.2 million and a high estimate of $209 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $824.21 million, representing an increase of 37.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days.
12 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 11 recommend it as a Buy and 1 called the OLPX stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.22, with the price of OLPX currently trading nearly -2.44% and -7.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.68, while the 7-day volatility ratio is showing 11.51% which for the 30-day chart, stands at 7.83%. Furthermore, Olaplex Holdings Inc. (OLPX)’s average true range (ATR) is 1.11.
Data on historical trading for Olaplex Holdings Inc. (NASDAQ:OLPX) indicates that the trading volumes over the past 3 months, they’ve averaged 2.62 million. According to company’s latest data on outstanding shares, there are 648.42 million shares outstanding.
Nearly 0.28% of Olaplex Holdings Inc.’s shares belong to company insiders and institutional investors own 97.20% of the company’s shares. The stock has fallen by -55.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OLPX stock heading into the next quarter.