In last trading session, Olaplex Holdings Inc (NASDAQ:OLPX) saw 0.71 million shares changing hands with its beta currently measuring 2.51. Company’s recent per share price level of $2.02 trading at -$0.02 or -0.98% at ring of the bell on the day assigns it a market valuation of $1.34B. That closing price of OLPX’s stock is at a discount of -47.52% from its 52-week high price of $2.98 and is indicating a premium of 41.09% from its 52-week low price of $1.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.34 million shares which gives us an average trading volume of 2.95 million if we extend that period to 3-months.
For Olaplex Holdings Inc (OLPX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.20. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
Olaplex Holdings Inc (NASDAQ:OLPX) trade information
Upright in the red during last session for losing -0.98%, in the last five days OLPX remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $2.02 price level, adding 11.01% to its value on the day. Olaplex Holdings Inc’s shares saw a change of -20.47% in year-to-date performance and have moved 1.00% in past 5-day. Olaplex Holdings Inc (NASDAQ:OLPX) showed a performance of -1.94% in past 30-days. Number of shares sold short was 10.08 million shares which calculate 4.09 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a fall of -1.0% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would jump 0.99% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.99% for stock’s current value.
Olaplex Holdings Inc (OLPX) estimates and forecasts
Statistics highlight that Olaplex Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 13.48% of value to its shares in past 6 months, showing an annual growth rate of -31.25% while that of industry is 2.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.65% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 87.51M for the same. And 4 analysts are in estimates of company making revenue of 90.13M in the next quarter. Company posted 111.72M and 98.91M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.81% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -31.02% while estimates for its earnings growth in next 5 years are of 6.10%.
Olaplex Holdings Inc (NASDAQ:OLPX)’s Major holders
Insiders are in possession of 1.59% of company’s total shares while institution are holding 98.32 percent of that, with stock having share float percentage of 99.91%. Investors also watch the number of corporate investors in a company very closely, which is 98.32% institutions for Olaplex Holdings Inc that are currently holding shares of the company. ADVENT INTERNATIONAL CORP/MA is the top institutional holder at OLPX for having 499.47 million shares of worth $769.18 million. And as of 2024-06-30, it was holding 75.583 of the company’s outstanding shares.
The second largest institutional holder is PACER ADVISORS, INC., which was holding about 19.69 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9791 of outstanding shares, having a total worth of $30.32 million.
On the other hand, Pacer U.S. Cash Cows 100 ETF and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024 , the former fund manager was holding 19.68 shares of worth $37.98 million or 2.97% of the total outstanding shares. The later fund manager was in possession of 3.79 shares on Aug 31, 2024 , making its stake of worth around $7.32 million in the company or a holder of 0.57% of company’s stock.
