In the last trading session, 2.22 million shares of the Olaplex Holdings Inc (NASDAQ:OLPX) were traded, and its beta was 2.47. Most recently the company’s share price was $2.14, and it changed around $0.05 or 2.39% from the last close, which brings the market valuation of the company to $1.45B. OLPX currently trades at a discount to its 52-week high of $2.98, offering almost -39.25% off that amount. The share price’s 52-week low was $1.19, which indicates that the current value has risen by an impressive 44.39% since then. We note from Olaplex Holdings Inc’s average daily trading volume that its 10-day average is 2.22 million shares, with the 3-month average coming to 2.94 million.

Olaplex Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.20. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 9 recommended OLPX as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Olaplex Holdings Inc is expected to report earnings per share of 0.01 for the current quarter.

Olaplex Holdings Inc (NASDAQ:OLPX) trade information

Instantly OLPX has showed a green trend with a performance of 2.39% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.17 on recent trading dayincreased the stock’s daily price by 1.38%. The company’s shares are currently down -15.75% year-to-date, but still up 10.88% over the last five days. On the other hand, Olaplex Holdings Inc (NASDAQ:OLPX) is 19.55% up in the 30-day period. We can see from the shorts that 10.08 million shares have been sold at a short interest cover period of 4.09 day(s).

The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -7.0% from its current value. Analyst projections state that OLPX is forecast to be at a low of $2 and a high of $2.

Olaplex Holdings Inc (OLPX) estimates and forecasts

Olaplex Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 22.29 percent over the past six months and at a -31.25% annual growth rate that is well below the industry average of 1.50%. The year-over-year growth rate is expected to be -10.65%, down from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 87.51M in revenue for the current quarter. 4 analysts expect Olaplex Holdings Inc to make 90.13M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 111.72M and 98.91M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -21.67%. Forecasts for the next quarter put sales growth at -8.87%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.81%. Olaplex Holdings Inc earnings are expected to increase by -31.02% in 2024, but the outlook is positive 6.10% per year for the next five years.

OLPX Dividends

Olaplex Holdings Inc’s next quarterly earnings report is expected to be released in January.

Olaplex Holdings Inc (NASDAQ:OLPX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.59% of Olaplex Holdings Inc shares, and 98.32% of them are in the hands of institutional investors. The stock currently has a share float of 99.91%. Olaplex Holdings Inc stock is held by 231.0 institutions, with ADVENT INTERNATIONAL CORP/MA being the largest institutional investor. By 2024-06-30, it held 75.583% of the shares, which is about 499.47 million shares worth $769.18 million.

PACER ADVISORS, INC., with 2.9791% or 19.69 million shares worth $30.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.