Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Olaplex Holdings Inc (NASDAQ: OLPX) was $1.52 for the day, down -5.59% from the previous closing price of $1.61. In other words, the price has decreased by -$5.59 from its previous closing price. On the day, 1.45 million shares were traded. OLPX stock price reached its highest trading level at $1.6284 during the session, while it also had its lowest trading level at $1.5.
Ratios:
Our analysis of OLPX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.83. For the most recent quarter (mrq), Quick Ratio is recorded 9.12 and its Current Ratio is at 10.71. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.76.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on March 19, 2024, Upgraded its rating to Neutral and sets its target price to $2 from $1.25 previously.
Piper Sandler Downgraded its Neutral to Underweight on August 25, 2023, whereas the target price for the stock was revised from $3 to $2.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 03 ’24 when Belhumeur Kristi A sold 42,480 shares for $1.68 per share. The transaction valued at 71,366 led to the insider holds 294,553 shares of the business.
BILBREY JOHN P bought 8,100 shares of OLPX for $18,549 on Sep 15 ’23. The Director now owns 58,100 shares after completing the transaction at $2.29 per share. On Aug 15 ’23, another insider, BILBREY JOHN P, who serves as the Director of the company, bought 43,500 shares for $2.63 each. As a result, the insider paid 114,405 and bolstered with 50,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OLPX now has a Market Capitalization of 1005879744 and an Enterprise Value of 1152818432. As of this moment, Olaplex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.17, and their Forward P/E ratio for the next fiscal year is 8.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 2.6 whereas that against EBITDA is 7.634.
Stock Price History:
Over the past 52 weeks, OLPX has reached a high of $4.26, while it has fallen to a 52-week low of $1.19. The 50-Day Moving Average of the stock is -8.68%, while the 200-Day Moving Average is calculated to be -29.07%.
Shares Statistics:
OLPX traded an average of 2.23M shares per day over the past three months and 2213060 shares per day over the past ten days. A total of 660.73M shares are outstanding, with a floating share count of 130.38M. Insiders hold about 80.30% of the company’s shares, while institutions hold 17.60% stake in the company. Shares short for OLPX as of 1713139200 were 8144914 with a Short Ratio of 3.65, compared to 1710460800 on 8406225. Therefore, it implies a Short% of Shares Outstanding of 8144914 and a Short% of Float of 5.9299998.
