Why To Invest In Olaplex Holdings Inc (NASDAQ: OLPX) Stock?

In the last trading session, 1.85 million Olaplex Holdings Inc (NASDAQ:OLPX) shares changed hands as the company’s beta touched 2.36. With the company’s per share price at $1.61 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $1.06B. OLPX’s last price was a discount, traded about -164.6% off its 52-week high of $4.26. The share price had its 52-week low at $1.19, which suggests the last value was 26.09% up since then. When we look at Olaplex Holdings Inc’s average trading volume, we note the 3-month average coming to 2.20 million.

Olaplex Holdings Inc (NASDAQ:OLPX) trade information

With action 16.67%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -36.61%, with the 5-day performance at 16.67% in the green. However, in the 30-day time frame, Olaplex Holdings Inc (NASDAQ:OLPX) is -1.83% down.

Olaplex Holdings Inc (OLPX) estimates and forecasts

Data shows that the Olaplex Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 11.81% over the past 6 months, a -12.50% in annual growth rate that is considerably higher than the industry average of -15.40%. Year-over-year growth is forecast to reach -1.60% down from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 103.73M. 8 analysts are of the opinion that Olaplex Holdings Inc’s revenue for the current quarter will be 129.87M. The company’s revenue for the corresponding quarters a year ago was 131.17M and 123.56M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -20.90%. The estimates for the next quarter sales put growth at 5.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.81%. The 2024 estimates are for Olaplex Holdings Inc earnings to decrease by -10.53%.