Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Olaplex Holdings Inc (NASDAQ: OLPX) closed the day trading at $1.29 down -4.44% from the previous closing price of $1.35. In other words, the price has decreased by $-4.44 from its previous closing price. On the day, 1.99 million shares were traded. OLPX stock price reached its highest trading level at $1.38 during the session, while it also had its lowest trading level at $1.26.
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 1.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.81. 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 852377792 and an Enterprise Value of 1041750208. As of this moment, Olaplex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.21, and their Forward P/E ratio for the next fiscal year is 7.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 2.273 whereas that against EBITDA is 6.258.
Stock Price History:
The Beta on a monthly basis for OLPX is 2.37, which has changed by -0.6446281 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, OLPX has reached a high of $4.26, while it has fallen to a 52-week low of $1.27. The 50-Day Moving Average of the stock is -29.02%, while the 200-Day Moving Average is calculated to be -43.55%.
Shares Statistics:
Over the past 3-months, OLPX traded about 2.08M shares per day on average, while over the past 10 days, OLPX traded about 1821350 shares per day. A total of 660.73M shares are outstanding, with a floating share count of 130.18M. Insiders hold about 80.30% of the company’s shares, while institutions hold 17.65% stake in the company. Shares short for OLPX as of 1711584000 were 7928066 with a Short Ratio of 3.81, compared to 1709164800 on 8081854. Therefore, it implies a Short% of Shares Outstanding of 7928066 and a Short% of Float of 5.81.
Earnings Estimates
Investors are keenly observing as 10 analysts analyze and rate the current performance of Olaplex Holdings Inc (OLPX) in the stock market.On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.03 and a low estimate of $0.02, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.03, with high estimates of $0.03 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.15 and $0.14 for the fiscal current year, implying an average EPS of $0.14. EPS for the following year is $0.17, with 10 analysts recommending between $0.21 and $0.15.
Revenue Estimates
8 analysts predict $95.18M in revenue for the current quarter. It ranges from a high estimate of $97M to a low estimate of $93M. As of the current estimate, Olaplex Holdings Inc’s year-ago sales were $110.16M, an estimated decrease of -13.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $105.47M, a decrease of -19.60% less than the figure of $-13.60% in the same quarter last year. There is a high estimate of $110.9M for the next quarter, whereas the lowest estimate is $100.6M.
A total of 10 analysts have provided revenue estimates for OLPX’s current fiscal year. The highest revenue estimate was $455.46M, while the lowest revenue estimate was $445M, resulting in an average revenue estimate of $449.72M. In the same quarter a year ago, actual revenue was $458.3M, down -1.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $477.07M in the next fiscal year. The high estimate is $491.3M and the low estimate is $463M. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.
