Olaplex Holdings Inc (NASDAQ:OLPX) shares traded -1.53% lower at $2.58 on Wall Street last session.
OLPX stock price is now 26.55% away from the 50-day moving average and 32.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.71B.
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With the price target enhanced from $2 to $3, Telsey Advisory Group maintained Market Perform rating for Olaplex Holdings Inc (NASDAQ: OLPX). On March 19, 2024, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $1.25 to quote $2, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Tiziani Eric, Chief Financial Officer sold 25,086 shares of the company’s stock on Apr 16 ’24. The stock was sold for $33,866 at an average price of $1.35. Upon completion of the transaction, the Chief Financial Officer now directly owns 844,786 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, Senior VP of Accounting Belhumeur Kristi A sold 13,423 shares of the business’s stock. A total of $24,833 was realized by selling the stock at an average price of $1.85. This leaves the insider owning 323,610 shares of the company worth $0.83 million. A total of 80.89% of the company’s stock is owned by insiders.
During the past 12 months, Olaplex Holdings Inc has had a low of $1.19 and a high of $2.98. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 9.27, and a quick ratio of 7.85. According to the stock market information, the enterprise value for the company is $1852669440, which is based on a 36.08 price-to-earnings ratio, a 5.92 price-to-earnings-growth ratio, and a beta of 2.37. The fifty day moving average price for OLPX is $2.0609 and a two-hundred day moving average price translates $1.941325 for the stock.
The latest earnings results from Olaplex Holdings Inc (NASDAQ: OLPX) was released for 2024-06-30. The net profit margin was 10.95% and return on equity was 5.71% for OLPX. The company reported revenue of $103.94 million for the quarter, compared to $109.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.85 percent.
