Olaplex Holdings Inc (NASDAQ:OLPX) shares, rose in value, with the stock price down by -1.53% to the previous day’s close as strong demand from buyers drove the stock to $2.58.
Actively observing the price movement in the last trading, the stock closed the session at $2.62, falling within a range of $2.56 and $2.77. The value of beta (5-year monthly) was 2.422 whereas the PE ratio was 36.08 over 12-month period. Referring to stock’s 52-week performance, its high was $2.98, and the low was $1.19. On the whole, OLPX has fluctuated by 25.24% over the past month.
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With the market capitalization of Olaplex Holdings Inc currently standing at about $1.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 445.86M, with a low estimate of 121.13M and a high estimate of 132.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 126.24M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OLPX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.92, with the price of OLPX currently trading nearly 14.06% and 26.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.16, while the 7-day volatility ratio is showing 8.38% which for the 30-day chart, stands at 6.84%. Furthermore, Olaplex Holdings Inc (OLPX)’s beta value is 2.37, and its average true range (ATR) is 0.17.
A comparison of Olaplex Holdings Inc (OLPX) with its peers suggests the former has fared considerably weaker in the market. OLPX showed an intraday change of -1.53% in last session, and over the past year, it grew by 22.27%%.
Data on historical trading for Olaplex Holdings Inc (NASDAQ:OLPX) indicates that the trading volumes over the past 10 days have averaged 2.74 and over the past 3 months, they’ve averaged 2.71 million. According to company’s latest data on outstanding shares, there are 660.73 million shares outstanding.
Nearly 80.89% of Olaplex Holdings Inc’s shares belong to company insiders and institutional investors own 18.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.24 million shares as on 2024-08-30, resulting in a short ratio of 6.54. According to the data, the short interest in Olaplex Holdings Inc (OLPX) stood at 1250.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 13.21 million. The stock has risen by 1.57% 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.
