Olaplex Holdings Inc (NASDAQ:OLPX)’s traded shares stood at 0.47 million during the latest session, with the company’s beta value hitting 2.43. At the last check today, the stock’s price was $2.33, to imply an increase of 1.53% or $0.04 in intraday trading. The OLPX share’s 52-week high remains $2.98, putting it -27.9% down since that peak but still an impressive 48.93% since price per share fell to its 52-week low of $1.19. The company has a valuation of $1.54B, with an average of 5.82 million shares in intraday trading volume over the past 10 days and average of 3.01 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Olaplex Holdings Inc (OLPX), translating to a mean rating of 3.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give OLPX a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.04.
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Olaplex Holdings Inc (NASDAQ:OLPX) trade information
After registering a 1.53% upside in the latest session, Olaplex Holdings Inc (OLPX) has traded red over the past five days. The 5-day price performance for the stock is -0.64%, and 1.09% over 30 days. With these gigs, the year-to-date price performance is -8.46%. Short interest in Olaplex Holdings Inc (NASDAQ:OLPX) saw shorts transact 16.44 million shares and set a 6.8 days time to cover.
The extremes give us $2 and $25 for target low and target high price respectively. As such, OLPX has been trading -972.96% off suggested target high and 14.16% from its likely low.
Olaplex Holdings Inc (OLPX) estimates and forecasts
Looking at statistics comparing Olaplex Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. Olaplex Holdings Inc (OLPX) shares are 41.77% up over the last 6 months, with its year-to-date growth rate lower than industry average at -12.50% against 6.60%. Revenue is forecast to shrink -20.00% this quarter before jumping 33.30% for the next one. The rating firms project that company’s revenue will shrink -2.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 126.24M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 118.37M.Earnings reports from the last fiscal year show that sales brought in 123.56M and 111.72M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.20% before jumping 6.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.81% for the past 5-year period. While 2024 is set for a -13.30% return in earnings, projections for the next 5 years are at 6.10% annually.
OLPX Dividends
Olaplex Holdings Inc has its next earnings report out on 2024-Aug-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Olaplex Holdings Inc (NASDAQ:OLPX)’s Major holders
Olaplex Holdings Inc insiders hold 1.59% of total outstanding shares, with institutional holders owning 97.75% of the shares at 99.32% float percentage. In total, 97.75% institutions holds shares in the company, led by ADVENT INTERNATIONAL CORP/MA. As of 2024-06-30, the company held over 499.47 million shares (or 75.583% of shares), all amounting to roughly $769.18 million.
The next major institution holding the largest number of shares is PACER ADVISORS, INC. with 19.69 million shares, or about 2.9791% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $30.32 million.
