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.
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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 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.
Institutional Ownership:
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.
Analysts Ratings:
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.
