Olaplex Holdings Inc (NASDAQ:OLPX) price on Friday, June 13, fall -5.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.26.
A look at the stock’s price movement, the close in the last trading session was $1.34. The PE ratio in trailing twelve months stood at 68.85. Turning to its 52-week performance, $2.77 and $1.01 were the 52-week high and 52-week low respectively. Overall, OLPX moved -1.56% over the past month.
Olaplex Holdings Inc’s market cap currently stands at around $839.07 million, with investors looking forward to this quarter’s earnings report slated for in July.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend OLPX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OLPX’s current price about -2.44% and -0.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.98, while 7-day volatility ratio is 3.22% and 4.03% in the 30-day chart. Further, Olaplex Holdings Inc (OLPX) has a beta value of 2.33, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $1.7, forecast between a low of $1.7 and high of $1.7. Looking at the price targets, the low is -34.92% off current price level while to achieve the yearly target high, price needs to move -34.92%. Nonetheless, investors will most likely welcome a -34.92% jump to $1.7 which is the analysts’ median price.
If we refocus on Olaplex Holdings Inc (NASDAQ:OLPX), historical trading data shows that trading volumes averaged 1.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 665.71 million shares.
The 81.61% of Olaplex Holdings Inc’s shares are in the hands of company insiders while institutional holders own 19.58% of the company’s shares. Current price change has pushed the stock -27.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OLPX stock continues to rise going into the next quarter.
