Canaccord Genuity raised the price target for the Olaplex Holdings Inc. (NASDAQ:OLPX) stock to “a Buy”. The rating was released on November 17, 2022, according to finviz. The research report from Morgan Stanley has downgraded the stock from Overweight to Equal-Weight, with a price target set at $6.50. The stock was downgraded by JP Morgan, who disclosed in a research note on October 19, 2022, from Overweight to Underweight and set the price objective to $8. In their research brief published October 19, 2022, Jefferies analysts downgraded the Olaplex Holdings Inc. stock from Buy to Hold with a price target of $6.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Olaplex Holdings Inc. (NASDAQ:OLPX) dipped -4.55% to close Tuesday’s market session at $5.88, lower as compared to yesterday’s close. The stock price fluctuated between $5.83 and $6.11 throughout the trading session with the volume trading being 1187336 shares, which represented a significant variation when compared to the three months average volume of 3.12 million shares. The firm’s stock price fluctuated -8.41% within the last five trades and 15.29% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -66.23% in the last 6 months and 45.19% was added to its value over the previous 3 months. OLPX stock is trading at a margin of 3.49%, 5.02% and -47.61% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, OLPX deals in the Consumer Cyclical domain. The stock is trading -73.84 percent below its 52-week high and 54.74 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -50.26. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Olaplex Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 54.10 percent and the profit margin is 37.80 percent, and the company has reported a gross margin of 76.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.72 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Olaplex Holdings Inc. (NASDAQ:OLPX) is 14.55. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.34. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.02 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.11, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Tiziani Eric, the Chief Financial Officer at Olaplex Holdings Inc. (OLPX) has bought 20,000 shares of firm on Mar 10 at a price of $14.78 against the total amount of $0.3 million.