Olaplex Holdings Inc (NASDAQ: OLPX) Stock: Bulls Need To See This

Olaplex Holdings Inc (NASDAQ:OLPX) price closed lower on Friday, April 12, dropping -3.36% below its previous close.

A look at the daily price movement shows that the last close reads $1.49. The company’s P/E ratio in the trailing 12-month period read 15.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.30 and 52-week low of $1.35. The stock subtracted -25.77% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give OLPX a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that OLPX’s price is at present -17.73% off the SMA20 and -25.54% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.65, with weekly volatility standing at 7.07%. The indicator jumps to 7.21% when calculated based on the past 30 days. Olaplex Holdings Inc (NASDAQ:OLPX)’s beta value is holding at 2.31, while the average true range (ATR) indicator is currently reading 0.12. An analysis of the Olaplex Holdings Inc (NASDAQ:OLPX) stock in terms of its daily trading volume indicates that the 3-month average is 2.05 million.

Current records show that the company has 660.73M in outstanding shares. The insiders’ percentage holdings are 80.30% of outstanding shares while the percentage share held by institutions stands at 17.67%. But the -43.31% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

Most Popular