Olaplex Holdings Inc (NASDAQ:OLPX) shares, rose in value on Friday, May 30, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.32.
Actively observing the price movement in the last trading, the stock closed the session at $1.32. The PE ratio was 72.13 over 12-month period. Referring to stock’s 52-week performance, its high was $2.77, and the low was $1.01. On the whole, OLPX has fluctuated by 0.76% over the past month.
With the market capitalization of Olaplex Holdings Inc currently standing at about $879.02 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 420.81M, with a low estimate of 98M and a high estimate of 102.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 100.64M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of OLPX currently trading nearly 2.19% and 4.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.79, while the 7-day volatility ratio is showing 3.99% which for the 30-day chart, stands at 3.83%. Furthermore, Olaplex Holdings Inc (OLPX)’s beta value is 2.33, and its average true range (ATR) is 0.08.
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 0.00% in last session, and over the past year, it shrunk by -16.46%%.
Data on historical trading for Olaplex Holdings Inc (NASDAQ:OLPX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.61 million. According to company’s latest data on outstanding shares, there are 665.71 million shares outstanding.
Nearly 81.61% of Olaplex Holdings Inc’s shares belong to company insiders and institutional investors own 19.58% of the company’s shares. The stock has fallen by -23.70% 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.
