Ollies Bargain Outlet Holdings Inc (NASDAQ: OLLI) Gains 1.32% And Its 4.59% Stock Volatility Is Bewildering

Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI) does about 1.09M shares in volume on a normal day but saw 1635110 shares change hands in Monday trading. The company now has a market cap of 5.18B USD. Its current market price is $84.61, marking an increase of 1.32% compared to the previous close of $83.51. The 52 week high reached by this stock is $91.08 whilst the lowest price level in 52 weeks is $57.31.

Ollies Bargain Outlet Holdings Inc (OLLI) has a 20-day trading average at $78.53 and the current price is -7.10% off the 52-week high compared with 47.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $75.76 and its 200-day simple moving average is $75.55. If we look at the stock’s price movements over the week, volatility stands at 4.59%, which decreases to 3.48% 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 61.29 to suggest the stock is neutral.

The consensus objective for the share price is $99.47, suggesting that the stock has a potential upside of 14.94% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 06, 2024 when BofA Securities resumed the stock to “Buy” and issued a price target of $92. Truist upgraded the stock to “Buy” from Hold on May 03, 2024 at a price target of $80-$86. Loop Capital upgraded its price target at $80-$90.

Ollies Bargain Outlet Holdings Inc (OLLI) stock is up 1.18% over the week and 7.48% over the past month. Its price is 11.49% year-to-date and 39.99% over the past year.

To reach the target analysts have set, the stock logically needs to grow 14.94 percent from here.

The company has a return on investment of 10.20% and return on equity of 13.50%. The price to earnings ratio (P/E ratio) amounts to 26.63 while the forward price to earnings ratio is 23.28. The beta has a value of 0.88. Price to book ratio is 3.38 and price to sales ratio is 2.41.