In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The closing price of ODDITY Tech Ltd. (NASDAQ: ODD) was $32.31 for the day, down -3.84% from the previous closing price of $33.60. In other words, the price has decreased by -$3.84 from its previous closing price. On the day, 1.29 million shares were traded. ODD stock price reached its highest trading level at $34.1 during the session, while it also had its lowest trading level at $32.3.
Ratios:
Our analysis of ODD’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 56.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 82.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 2.05. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 this company, Evercore ISI on April 04, 2024, initiated with a Outperform rating and assigned the stock a target price of $57.
On October 04, 2023, BofA Securities Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $60 to $37.
Truist Upgraded its Hold to Buy on October 03, 2023, while the target price for the stock was maintained at $54.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ODD now has a Market Capitalization of 1910719744 and an Enterprise Value of 1734230272. As of this moment, ODDITY’s Price-to-Earnings (P/E) ratio for their current fiscal year is 113.37, and their Forward P/E ratio for the next fiscal year is 21.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.22 while its Price-to-Book (P/B) ratio in mrq is 23.37. Its current Enterprise Value per Revenue stands at 3.409 whereas that against EBITDA is 17.286.
Stock Price History:
Over the past 52 weeks, ODD has reached a high of $56.00, while it has fallen to a 52-week low of $24.12. The 50-Day Moving Average of the stock is -17.75%, while the 200-Day Moving Average is calculated to be -17.06%.
Shares Statistics:
ODD traded an average of 951.26K shares per day over the past three months and 635040 shares per day over the past ten days. A total of 45.32M shares are outstanding, with a floating share count of 24.97M. Insiders hold about 56.09% of the company’s shares, while institutions hold 40.97% stake in the company. Shares short for ODD as of 1713139200 were 5156770 with a Short Ratio of 5.42, compared to 1710460800 on 3085802. Therefore, it implies a Short% of Shares Outstanding of 5156770 and a Short% of Float of 26.69.
