In the last trading session, 2.66 million Olaplex Holdings Inc (NASDAQ:OLPX) shares changed hands as the company’s beta touched 2.44. With the company’s per share price at $2.33 changed hands at -$0.02 or -0.85% during last session, the market valuation stood at $1.54B. OLPX’s last price was a discount, traded about -27.9% off its 52-week high of $2.98. The share price had its 52-week low at $1.19, which suggests the last value was 48.93% up since then. When we look at Olaplex Holdings Inc’s average trading volume, we note the 10-day average is 6.27 million shares, with the 3-month average coming to 2.96 million.
Analysts gave the Olaplex Holdings Inc (OLPX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended OLPX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Olaplex Holdings Inc’s EPS for the current quarter is expected to be 0.04.
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Olaplex Holdings Inc (NASDAQ:OLPX) trade information
However, in the 30-day time frame, Olaplex Holdings Inc (NASDAQ:OLPX) is 11.48% up. Looking at the short shares, we see there were 16.44 million shares sold at short interest cover period of 6.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 22.33% from its current market value. According to analyst projections, OLPX’s forecast low is 2 with 25 as the target high. To hit the forecast high, the stock’s price needs a -972.96% plunge from its current level, while the stock would need to tank 14.16% for it to hit the projected low.
Olaplex Holdings Inc (OLPX) estimates and forecasts
Data shows that the Olaplex Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.10% over the past 6 months, a -12.50% in annual growth rate that is considerably lower than the industry average of 7.40%. Year-over-year growth is forecast to reach -2.70% 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 126.24M. 8 analysts are of the opinion that Olaplex Holdings Inc’s revenue for the current quarter will be 118.37M. The company’s revenue for the corresponding quarters a year ago was 123.56M and 111.72M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.20%. The estimates for the next quarter sales put growth at 6.00%.
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 -13.30%, but the outlook for the next 5-year period is at 6.10% per year.
OLPX Dividends
Olaplex Holdings Inc is expected to release its next quarterly earnings report in November.
Olaplex Holdings Inc (NASDAQ:OLPX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.59% of Olaplex Holdings Inc shares while 97.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.32%. There are 97.75% institutions holding the Olaplex Holdings Inc stock share, with ADVENT INTERNATIONAL CORP/MA the top institutional holder. As of 2024-06-30, the company held 75.583% of the shares, roughly 499.47 million OLPX shares worth $769.18 million.
PACER ADVISORS, INC. holds the second largest percentage of outstanding shares, with 2.9791% or 19.69 million shares worth $30.32 million as of 2024-06-30.
