During the recent session, Olaplex Holdings Inc (NASDAQ:OLPX)’s traded shares were 0.75 million, with the beta value of the company hitting 2.27. At the last check today, the stock’s price was $1.63, reflecting an intraday loss of -7.10% or -$0.13. The 52-week high for the OLPX share is $4.30, that puts it down -163.8 from that peak though still a striking 17.18% gain since the share price plummeted to a 52-week low of $1.35. The company’s market capitalization is $1.08B, and the average intraday trading volume over the past 10 days was 2.05 million shares, and the average trade volume was 1.99 million shares over the past three months.
Olaplex Holdings Inc (NASDAQ:OLPX) trade information
Olaplex Holdings Inc (OLPX) registered a -7.10% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.10% in intraday trading to $1.63, hitting a weekly high. The stock’s 5-day price performance is -14.84%, and it has moved by -7.10% in 30 days. Based on these gigs, the overall price performance for the year is -60.70%. The short interest in Olaplex Holdings Inc (NASDAQ:OLPX) is 8.41 million shares and it means that shorts have 3.38 day(s) to cover.
Olaplex Holdings Inc (OLPX) estimates and forecasts
Statistics show that Olaplex Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. Olaplex Holdings Inc (OLPX) shares have gone down -17.01% during the last six months, with a year-to-date growth rate less than the industry average at -12.50% against -5.50. In the rating firms’ projections, revenue will decrease -1.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $95.3 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $105.47 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $110.16 million and $131.17 million respectively. In this case, analysts expect current quarter sales to shrink by -13.50% and then drop by -19.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.81%. While earnings are projected to return -3.63% in 2024.
OLPX Dividends
Olaplex Holdings Inc is due to release its next quarterly earnings between May 09 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Olaplex Holdings Inc (NASDAQ:OLPX)’s Major holders
Olaplex Holdings Inc insiders own 1.08% of total outstanding shares while institutional holders control 96.80%, with the float percentage being 97.86%. Advent International LP is the largest shareholder of the company, while 223 institutions own stock in it. As of Dec 30, 2023, the company held over 499.47 million shares (or 75.59% of all shares), a total value of $819.13 million in shares.
The next largest institutional holding, with 11.01 million shares, is of Vanguard Group Inc’s that is approximately 1.67% of outstanding shares. At the market price on Dec 30, 2023, these shares were valued at $18.05 million.
Also, the Mutual Funds coming in first place with the largest holdings of Olaplex Holdings Inc (OLPX) shares are Pacer U.S. Cash Cows 100 ETF and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2024 indicates that Pacer U.S. Cash Cows 100 ETF owns about 8.51 million shares. This amounts to just over 1.29 percent of the company’s overall shares, with a $13.96 million market value. The same data shows that the other fund manager holds slightly less at 3.03 million, or about 0.46% of the stock, which is worth about $4.97 million.
