Analyzing Stock On Your Own: Olaplex Holdings Inc (NASDAQ: OLPX)

Olaplex Holdings Inc (NASDAQ:OLPX) does about 2.02M shares in volume on a normal day but saw 1960312 shares change hands in Friday’s trading. The company now has a market cap of 1.16B USD. Its current market price is $1.75, marking a decrease of -8.85% compared to the previous close of $1.92. The 52 week high reached by this stock is $4.26 whilst the lowest price level in 52 weeks is $1.19.

Olaplex Holdings Inc (OLPX) has a 20-day trading average at $1.6430 and the current price is -58.97% off the 52-week high compared with 47.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5724 and its 200-day simple moving average is $1.9595. If we look at the stock’s price movements over the week, volatility stands at 6.50%, which decreases to 6.26% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.81 to suggest the stock is neutral.

The consensus objective for the share price is $2.36, suggesting that the stock has a potential upside of 25.85% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 19, 2024 when Piper Sandler upgraded the stock to “Neutral” and issued a price target of between $1.25 and $2. Piper Sandler downgraded its price target at $3-$2.

Olaplex Holdings Inc (OLPX) stock is down -1.69% over the week and 10.06% over the past month. Its price is -31.10% year-to-date and -54.31% over the past year.

To reach the target analysts have set, the stock logically needs to grow 25.85 percent from here.

The company has a return on investment of 3.22% and return on equity of 5.82%. The price to earnings ratio (P/E ratio) amounts to 24.37 while the forward price to earnings ratio is 10.26. The beta has a value of 2.46. Price to book ratio is 1.35 and price to sales ratio is 2.61.