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Saturday, December 9, 2023

There Is A Quest For Clarity Surrounding Olaplex Holdings Inc (NASDAQ: OLPX) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Olaplex Holdings Inc (OLPX) shows that investor sentiment remained same, with the stock’s consolidated last price to $1.73. The Olaplex Holdings Inc has recorded 5,635 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that OLAPLEX Reports Third Quarter 2023 Results.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $1.73 and fluctuated between $1.7500 as its day high and $1.6900 as its day low. The current market capitalization of Olaplex Holdings Inc is $1.13B. A total of 1.43 million shares were traded on the day, compared to an average of 2.47M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, OLPX has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 58,100 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 0 SELLs from insiders. Insiders purchased 1,024,222 shares during that period but sold 0.

In the most recent transaction, BILBREY JOHN P bought 8,100 shares of OLPX for 2.29 per share on Sep 15. After the transaction, the Director now owns 58,100 company shares. In a previous transaction on Aug 15, BILBREY JOHN P bought 43,500 shares at 2.63 per share. OLPX shares that Director owns now total 50,000.

Among the insiders who bought shares, BILBREY JOHN P acquired of 6,500 shares on Aug 14 at a per-share price of $2.65. This resulted in the Director holding 6,500 shares of OLPX after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OLPX in the last 3 months, the mean price target is $3.00 with high estimates of $7.50 and low estimates of $1.50. In terms of 52-week highs and lows, OLPX has a high of $7.10 and a low of $1.35.

As of this writing, OLPX has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.05 per share and a lower estimate of $0.03. The company reported an EPS of $0.03 in the last quarter, which was -40.00% lower than expectations of $0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OLPX’s latest balance sheet shows that the firm has $186.39M in Cash & Short Term Investments as of fiscal 2021. There were $758.20M in debt and $72.91M in liabilities at the time. Its Book Value Per Share was $1.28, while its Total Shareholder’s Equity was $524.30M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OLPX is Buy with a score of 2.75.

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