ODDITY Tech Ltd. (NASDAQ: ODD) stock jumped 1.53% on Friday to $35.10 against a previous-day closing price of $34.57. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $37.30 whereas the lowest price it dropped to was $34.80. The 52-week range on ODD shows that it touched its highest point at $56.00 and its lowest point at $24.12 during that stretch. It currently has a 1-year price target of $46.43.
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 ODD was up-trending over the past week, with a rise of 23.64%, but this was up by 29.33% over a month.
Float and Shares Shorts:
At present, 44.85 million ODD shares are outstanding with a float of 23.09 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.51 million, which was 7.95% higher than short shares on Sep 28, 2023. In addition to PDD as the firm’s PDD Holdings Inc., DDD serves as its 3D Systems Corporation.
Through their ownership of 30.98% of ODD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 26.72% of ODD, in contrast to 17.95% held by mutual funds. As the largest shareholder in ODD with 12.30% of the stake, Baillie Gifford & Co. holds 5,559,817 shares worth 5,559,817. A second-largest stockholder of ODD, MSD Partners LP, holds 1,781,661 shares, controlling over 3.94% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in ODD, holding 1,709,211 shares or 3.78% stake. With a 6.73% stake in ODD, the Scottish Mortgage Investment Trus is the largest stakeholder. A total of 3,041,701 shares are owned by the mutual fund manager. The Vanguard US Growth Fund, which owns about 1.54% of ODD stock, is the second-largest Mutual Fund holder. It holds 696,874 shares valued at 17.81 million. Baillie Gifford Overseas Growth F holds 0.94% of the stake in ODD, owning 425,800 shares worth 10.88 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ODD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ODD analysts setting a high price target of $66.00 and a low target of $34.00, the average target price over the next 12 months is $46.43. Based on these targets, ODD could surge 88.03% to reach the target high and fall by -3.13% to reach the target low. Reaching the average price target will result in a growth of 32.28% from current levels.