ODDITY Tech Ltd. (NASDAQ:ODD) shares, rose in value on Friday, August 09, with the stock price down by -1.94% to the previous day’s close as strong demand from buyers drove the stock to $37.85.
Actively observing the price movement in the last trading, the stock closed the session at $38.60. The PE ratio was 26.70 over 12-month period. Referring to stock’s 52-week performance, its high was $55.20, and the low was $24.12. On the whole, ODD has fluctuated by -8.00% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 635.41M, with a low estimate of 114.3M and a high estimate of 116.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 115.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ODD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.30, with the price of ODD currently trading nearly -6.59% and -5.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.68, while the 7-day volatility ratio is showing 8.41% which for the 30-day chart, stands at 5.47%. Furthermore, ODDITY Tech Ltd. (ODD)’s beta value is 4.11, and its average true range (ATR) is 2.27.
A comparison of ODDITY Tech Ltd. (ODD) with its peers suggests the former has fared considerably weaker in the market. ODD showed an intraday change of -1.94% in last session, and over the past year, it shrunk by -25.05%%.
Data on historical trading for ODDITY Tech Ltd. (NASDAQ:ODD) indicates that the trading volumes over the past 3 months, they’ve averaged 709.07K. According to company’s latest data on outstanding shares, there are 45.32 million shares outstanding.
ODDITY Tech Ltd.’s shares belong to company insiders and institutional investors own 54.54% of the company’s shares. The stock has fallen by -18.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ODD stock heading into the next quarter.
