Olaplex Holdings Inc [OLPX] attracts people because of its fundamentals

The stock of Olaplex Holdings Inc (NASDAQ:OLPX) last traded at $1.72, down -0.58% from the previous session.

Data from the available sources indicates that Olaplex Holdings Inc (NASDAQ:OLPX) is covered by 13 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.50 and a low of $1.50, we find $2.00. Given the previous closing price of $1.73, this indicates a potential upside of 15.61 percent. OLPX stock price is now -11.64% away from the 50-day moving average and -51.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.13B.

In total, 9 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.14 as their price target over the next twelve months.

In other news, BILBREY JOHN P, Director bought 8,100 shares of the company’s stock on Sep 15. The stock was bought for $18,549 at an average price of $2.29. Upon completion of the transaction, the Director now directly owns 58,100 shares in the company, valued at $99932.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Director BILBREY JOHN P bought 43,500 shares of the business’s stock. A total of $114,405 was incurred on buying the stock at an average price of $2.63. This leaves the insider owning 50,000 shares of the company worth $86000.0. A total of 80.45% of the company’s stock is owned by insiders.

During the past 12 months, Olaplex Holdings Inc has had a low of $1.35 and a high of $7.10. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 9.32, and a quick ratio of 7.22. The fifty day moving average price for OLPX is $1.9466 and a two-hundred day moving average price translates $3.5403 for the stock.

The latest earnings results from Olaplex Holdings Inc (NASDAQ: OLPX) was released for Sep, 2023. According to the Specialty Retail Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.05 by -0.02. This compares to $0.09 EPS in the same period last year. The net profit margin was 22.92% and return on equity was 16.23% for OLPX. The company reported revenue of $123.56 million for the quarter, compared to $176.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.98 percent. For the current quarter, analysts expect OLPX to generate $116.65M in revenue.

Olaplex Holdings Inc(OLPX) Company Profile

Olaplex Holdings, Inc. develops, manufactures, and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company markets its products through its website, Olaplex.com, as well as third party e-commerce platforms. The company was founded in 2014 and is based in Santa Barbara, California.

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