The closing price of Olaplex Holdings Inc (NASDAQ: OLPX) was $1.87 for the day, down -2.60% from the previous closing price of $1.92. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 2940588 shares were traded.
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 2.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.97. 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.
On August 25, 2023, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $3 to $2.
Canaccord Genuity Downgraded its Buy to Hold on August 11, 2023, whereas the target price for the stock was revised from $5 to $3.
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 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 1.27B and an Enterprise Value of 1.46B. As of this moment, Olaplex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.59, and their Forward P/E ratio for the next fiscal year is 11.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 3.18 whereas that against EBITDA is 7.88.
Stock Price History:
Over the past 52 weeks, OLPX has reached a high of $4.30, while it has fallen to a 52-week low of $1.35. The 50-Day Moving Average of the stock is 2.1876, while the 200-Day Moving Average is calculated to be 2.5557.
Shares Statistics:
OLPX traded an average of 1.95M shares per day over the past three months and 2.44M shares per day over the past ten days. A total of 660.73M shares are outstanding, with a floating share count of 126.04M. Insiders hold about 80.92% of the company’s shares, while institutions hold 17.62% stake in the company. Shares short for OLPX as of Feb 15, 2024 were 8.45M with a Short Ratio of 4.33, compared to 8.3M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.28% and a Short% of Float of 6.19%.
Earnings Estimates
The firm’s stock currently is rated by 10 analysts. 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
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. 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 -13.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $105.41M, a decrease of -19.60% less than the figure of -$13.50% in the same quarter last year. There is a high estimate of $110.9M for the next quarter, whereas the lowest estimate is $100.1M.
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 $442.9M, resulting in an average revenue estimate of $449.2M. In the same quarter a year ago, actual revenue was $458.3M, down -2.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $476.24M in the next fiscal year. The high estimate is $491.3M and the low estimate is $465.7M. The average revenue growth estimate for next year is up 6.00% from the average revenue estimate for this year.
