ODDITY Tech Ltd (NASDAQ:ODD) shares, rose in value on Friday, December 13, with the stock price down by -1.00% to the previous day’s close as strong demand from buyers drove the stock to $49.45.
Actively observing the price movement in the last trading, the stock closed the session at $49.95, falling within a range of $46.32 and $50.72. The PE ratio was 30.21 over 12-month period. Referring to stock’s 52-week performance, its high was $51.00, and the low was $30.34. On the whole, ODD has fluctuated by 10.85% over the past month.
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With the market capitalization of ODDITY Tech Ltd currently standing at about $2.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 642.89M, with a low estimate of 119M and a high estimate of 119.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 119.25M.
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 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.29, with the price of ODD currently trading nearly 8.76% and 15.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.18, while the 7-day volatility ratio is showing 6.24% which for the 30-day chart, stands at 5.24%. Furthermore, ODDITY Tech Ltd (ODD)’s beta value is 4.40, and its average true range (ATR) is 2.47.
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 -1.00% in last session, and over the past year, it grew by 19.59%%.
Data on historical trading for ODDITY Tech Ltd (NASDAQ:ODD) indicates that the trading volumes over the past 10 days have averaged 0.45 and over the past 3 months, they’ve averaged 385.22K. 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 57.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.45 million shares as on 2024-11-29, resulting in a short ratio of 11.92. According to the data, the short interest in ODDITY Tech Ltd (ODD) stood at 2783.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 6.17 million. The stock has risen by 6.28% 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.
