Olaplex Holdings Inc. (OLPX) is looking forward to a strong quarter

Olaplex Holdings Inc. (NASDAQ: OLPX) stock fell -6.73% on Friday to $15.66 against a previous-day closing price of $16.79. With 4.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.22 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $17.39 whereas the lowest price it dropped to was $15.43. The 52-week range on OLPX shows that it touched its highest point at $30.41 and its lowest point at $11.73 during that stretch. It currently has a 1-year price target of $24.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OLPX was down-trending over the past week, with a drop of -8.90%, but this was up by 6.60% over a month. Three-month performance surged to 8.37% while six-month performance fell -27.90%. A look at the trailing 12-month EPS for OLPX yields 0.35 with Next year EPS estimates of 0.66. For the next quarter, that number is 0.13. This implies an EPS growth rate of 428.10% for this year and 21.02% for next year.

Float and Shares Shorts:

At present, 648.81 million OLPX shares are outstanding with a float of 644.32 million shares on hand for trading. On Jul 14, 2022, short shares totaled 23.85 million, which was 3.67% higher than short shares on Jun 14, 2022. In addition to Ms. JuE Wong as the firm’s Pres, CEO & Director, Mr. Eric Tiziani serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 102.07% of OLPX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.61% of OLPX, in contrast to 76.99% held by mutual funds. Shares owned by individuals account for 11.99%. As the largest shareholder in OLPX with 5.88% of the stake, Mousse Partners Ltd. holds 38,136,163 shares worth 38,136,163. A second-largest stockholder of OLPX, T. Rowe Price Associates, Inc., holds 11,271,897 shares, controlling over 1.74% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in OLPX, holding 8,522,044 shares or 1.31% stake. With a 1.19% stake in OLPX, the Government Pension Fund – Global is the largest stakeholder. A total of 7,730,975 shares are owned by the mutual fund manager. The Janus Henderson Research Fund, which owns about 0.54% of OLPX stock, is the second-largest Mutual Fund holder. It holds 3,475,713 shares valued at 48.97 million. Fidelity Growth Company Fund holds 0.52% of the stake in OLPX, owning 3,355,704 shares worth 47.28 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OLPX since 12 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OLPX analysts setting a high price target of $40.00 and a low target of $16.00, the average target price over the next 12 months is $23.75. Based on these targets, OLPX could surge 155.43% to reach the target high and rise by 2.17% to reach the target low. Reaching the average price target will result in a growth of 51.66% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OLPX will report FY 2022 earnings on 03/07/2023. Analysts have provided yearly estimates in a range of $0.59 being high and $0.50 being low. For OLPX, this leads to a yearly average estimate of $0.54. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Olaplex Holdings Inc. surprised analysts by $0.02 when it reported $0.13 EPS against a consensus estimate of $0.11. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.13.

Summary of Insider Activity:

Insiders traded OLPX stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 57,915 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 183,140 while 474,106,104 shares were sold.

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