Does ODDITY Tech Ltd. (NASDAQ: ODD) Still Need To Convince Analysts?

ODDITY Tech Ltd. (NASDAQ:ODD) traded at $42.37 at close of the session on Friday, May 17, made a downward move of -2.82% on its previous day’s price.

Looking at the stock we see that its previous close was $43.60 . The company has a trailing 12-month PE ratio of 128.20. In terms of its 52-week price range, ODD has a high of $56.00 and a low of $24.12. The company’s stock has gained about 25.99% over that past 30 days.

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ODDITY Tech Ltd. has a market cap of $2.41 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.6, with the EPS growth for the year raised at $1.57 for 2024 and $1.62 for next year. These figures represent 19.80% and 3.20% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $186.97 million, with a low of $185.7 million and a high of $188 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $631.81 million, or 24.20% up from figures reported last year.

On the other hand, looking at the outlook for the ODD stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the ODD stock currently stands at 10.26, and the current price level is 20.13% off its SMA20 and 9.97% from its 50-day simple moving average. The RSI (14) is pointing at 64.83 while the volatility over the past week is 5.85% and jumps to 5.19% over the past one month.

Coming back to ODDITY Tech Ltd. (NASDAQ:ODD), we note that the average 3-month trading volume was 1.09 million. Current shares outstanding are 45.32 million.

The insiders hold 55.72% of the company’s shares while institutions hold 53.87%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -8.94% down in year-to-date price movement.

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