In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Olaplex Holdings Inc (NASDAQ: OLPX) closed the day trading at $1.34 up 1.52% from the previous closing price of $1.32. In other words, the price has increased by $1.52 from its previous closing price. On the day, 1.55 million shares were traded. OLPX stock price reached its highest trading level at $1.36 during the session, while it also had its lowest trading level at $1.29.
Ratios:
For a better understanding of OLPX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.00. For the most recent quarter (mrq), Quick Ratio is recorded 9.21 and its Current Ratio is at 10.92. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.77.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 15 ’23 when BILBREY JOHN P bought 8,100 shares for $2.29 per share. The transaction valued at 18,549 led to the insider holds 58,100 shares of the business.
BILBREY JOHN P bought 43,500 shares of OLPX for $114,405 on Aug 15 ’23. The Director now owns 50,000 shares after completing the transaction at $2.63 per share. On Aug 14 ’23, another insider, BILBREY JOHN P, who serves as the Director of the company, bought 6,500 shares for $2.65 each. As a result, the insider paid 17,225 and bolstered with 6,500 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 886217088 and an Enterprise Value of 1074788096. As of this moment, Olaplex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.76, and their Forward P/E ratio for the next fiscal year is 7.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 2.345 whereas that against EBITDA is 6.456.
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 -23.37%, while the 200-Day Moving Average is calculated to be -39.97%.
Shares Statistics:
Over the past 3-months, OLPX traded about 2.11M shares per day on average, while over the past 10 days, OLPX traded about 1885530 shares per day. A total of 660.73M shares are outstanding, with a floating share count of 130.30M. Insiders hold about 80.30% of the company’s shares, while institutions hold 17.61% stake in the company. Shares short for OLPX as of 1713139200 were 8144914 with a Short Ratio of 3.87, compared to 1710460800 on 8406225. Therefore, it implies a Short% of Shares Outstanding of 8144914 and a Short% of Float of 5.9299998.
