Olaplex Holdings Inc (NASDAQ:OLPX) shares, rose in value, with the stock price down by -3.30% to the previous day’s close as strong demand from buyers drove the stock to $1.76.
Actively observing the price movement in the last trading, the stock closed the session at $1.82. The PE ratio was 19.38 over 12-month period. Referring to stock’s 52-week performance, its high was $4.30, and the low was $1.35. On the whole, OLPX has fluctuated by -5.88% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.03, which is expected to increase to $0.03 for fiscal year $0.14 and then to about $0.17 by fiscal year 2025. Data indicates that the EPS growth is expected to be -12.50% in 2025, while the next year’s EPS growth is forecast to be 21.40%.
Analysts have estimated the company’s revenue for the quarter at $95.3 million, with a low estimate of $93 million and a high estimate of $97 million. According to the average forecast, sales growth in current quarter could jump down -13.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $449.72 million, representing a decrease of -1.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that OLPX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% 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 PEG ratio is about 0, with the price of OLPX currently trading nearly -3.76% and -13.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.38, while the 7-day volatility ratio is showing 5.59% which for the 30-day chart, stands at 7.11%. Furthermore, Olaplex Holdings Inc (OLPX)’s beta value is 2.27, and its average true range (ATR) is 0.13.
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 -3.30% in last session, and over the past year, it shrunk by -58.39%%.
Data on historical trading for Olaplex Holdings Inc (NASDAQ:OLPX) indicates that the trading volumes over the past 10 days have averaged 2.0 million and over the past 3 months, they’ve averaged 2.01 million. According to company’s latest data on outstanding shares, there are 660.73 million shares outstanding.
Nearly 81.04% of Olaplex Holdings Inc’s shares belong to company insiders and institutional investors own 17.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.41 million shares as on Mar 15, 2024, resulting in a short ratio of 3.38. According to the data, the short interest in Olaplex Holdings Inc (OLPX) stood at 1.27% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.45 million. The stock has fallen by -30.71% 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.
