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Olaplex Holdings Inc. (NASDAQ: OLPX) Forecast To Gain 23.34% To Hit Consensus Price Target

Olaplex Holdings Inc. (NASDAQ:OLPX) has seen 1.19 million shares traded in the last trading session. The company, currently valued at $3.72B, closed the last trade at $5.88 per share which meant it lost -$0.28 on the day or -4.55% during that session. The OLPX stock price is -282.31% off its 52-week high price of $22.48 and 35.37% above the 52-week low of $3.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.41 million shares traded. The 3-month trading volume is 3.12 million shares.

The consensus among analysts is that Olaplex Holdings Inc. (OLPX) is a Hold stock at the moment, with a recommendation rating of 2.80. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.06.

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Olaplex Holdings Inc. (NASDAQ:OLPX) trade information

Sporting -4.55% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the OLPX stock price touched $5.88 or saw a rise of 9.82%. Year-to-date, Olaplex Holdings Inc. shares have moved 12.86%, while the 5-day performance has seen it change -8.41%. Over the past 30 days, the shares of Olaplex Holdings Inc. (NASDAQ:OLPX) have changed 15.29%. Short interest in the company has seen 22.98 million shares shorted with days to cover at 8.52.

Wall Street analysts have a consensus price target for the stock at $7.67, which means that the shares’ value could jump 23.34% from current levels. The projected low price target is $5.00 while the price target rests at a high of $11.00. In that case, then, we find that the current price level is -87.07% off the targeted high while a plunge would see the stock lose 14.97% from current levels.

Olaplex Holdings Inc. (OLPX) estimates and forecasts

Figures show that Olaplex Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -66.23% over the past 6 months, with this year growth rate of 10.00%, compared to -2.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -40.00% and -23.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 18.00%.

10 analysts offering their estimates for the company have set an average revenue estimate of $133.08 million for the current quarter. 7 have an estimated revenue figure of $178.64 million for the next quarter concluding in Mar 2023. Year-ago sales stood $166.5 million and $186.2 million respectively for this quarter and the next, and analysts expect sales will shrink by -20.10% for the current quarter and -4.10% for the next.

Earnings growth for 2023 is a modest 428.10% while over the next 5 years, the company’s earnings are expected to increase by 27.90%.

OLPX Dividends

Olaplex Holdings Inc. is expected to release its next earnings report on November 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Olaplex Holdings Inc. (NASDAQ:OLPX)’s Major holders

Insiders own 0.30% of the company shares, while shares held by institutions stand at 102.56% with a share float percentage of 102.87%. Investors are also buoyed by the number of investors in a company, with Olaplex Holdings Inc. having a total of 256 institutions that hold shares in the company. The top two institutional holders are Advent International Corporation with over 499.47 million shares worth more than $2.94 billion. As of Sep 29, 2022, Advent International Corporation held 76.94% of shares outstanding.

The other major institutional holder is FMR, LLC, with the holding of over 26.53 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $155.99 million and represent 4.09% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Contrafund Inc and Fidelity Growth Company Fund. As of Nov 29, 2022, the former fund manager holds about 0.73% shares in the company for having 4.74 million shares of worth $27.89 million while later fund manager owns 3.99 million shares of worth $23.44 million as of Nov 29, 2022, which makes it owner of about 0.61% of company’s outstanding stock.

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