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Olaplex Holdings Inc (OLPX) – Don’t Be So Quick to Call it Dead

Olaplex Holdings Inc (NASDAQ: OLPX) is -49.21% lower on its value in year-to-date trading and has touched a low of $1.35 and a high of $4.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OLPX stock was last observed hovering at around $1.38 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $1.29, the stock is -23.94% and -31.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -6.52% at the moment leaves the stock -44.45% off its SMA200. OLPX registered -67.01% loss for a year compared to 6-month gain of -22.75%.

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The stock witnessed a -24.34% loss in the last 1 month and extending the period to 3 months gives it a -39.72%, and is -12.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.46% over the week and 6.62% over the month.

Olaplex Holdings Inc (OLPX) has around 233 employees, a market worth around $852.38M and $458.30M in sales. Current P/E ratio is 14.21 and Fwd P/E is 7.60. Profit margin for the company is 13.44%. Distance from 52-week low is -4.09% and -69.75% from its 52-week high. The company has generated returns on investments over the last 12 months (4.12%).

The EPS is expected to shrink by -3.63% this year

The shares outstanding are 660.73M, and float is at 130.18M with Short Float at 6.09%.

Olaplex Holdings Inc (OLPX) Insider Activity

The most recent transaction is an insider purchase by BILBREY JOHN P, the company’s Director. SEC filings show that BILBREY JOHN P bought 8,100 shares of the company’s common stock on Sep 15 ’23 at a price of $2.29 per share for a total of $18549.0. Following the purchase, the insider now owns 58100.0 shares.

Olaplex Holdings Inc disclosed in a document filed with the SEC on Aug 15 ’23 that BILBREY JOHN P (Director) bought a total of 43,500 shares of the company’s common stock. The trade occurred on Aug 15 ’23 and was made at $2.63 per share for $0.11 million. Following the transaction, the insider now directly holds 50000.0 shares of the OLPX stock.

Still, SEC filings show that on Aug 14 ’23, BILBREY JOHN P (Director) acquired 6,500 shares at an average price of $2.65 for $17225.0. The insider now directly holds 6,500 shares of Olaplex Holdings Inc (OLPX).

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