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Stock Charts AI Power Rank: 7.9
Power Rank trend -> Rising
07/26/2024 16:00:00 EST
Olaplex Holdings Inc (OLPX)
Industry: Specialty Retail
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, OLPX has been trading in a range between $1.94 and $1.40 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
OLPX is trading between resistance at $2.17 about 4% to the upside and support at $1.82 -13% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $2.62, about a 25% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Olaplex Holdings Inc $OLPX entered a Green zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $3.67, a potential upside of 75.6% from the recent price of 2.09. The stock is trading 81.82% (potential upside) below its 52 week high of $3.80 and 75.63 % (potential downside) above its 52 week low of $1.19 - based on the recent price.
Company Summary
Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum.
News
| OLAPLEX Launching New Patented OLAPLEX Bond Shaping Technology™ NEW YORK--(BUSINESS WIRE)--Olaplex Holdings, Inc. (“OLAPLEX”), the innovative, science-enabled, and technology-driven haircare company, today announced the launch of the brand's new patented OLAPLEX Bond Shaping Technology™, created to support curly hair of all types and textures–effectively repairing the internal hair structure to strengthen and reshape curl-forming bonds and lock them in place to rebuild natural curl patterns. The new OLAPLEX Bond Shaping Technology™ in the Bond Building cate. Source: Business Wire Tue, 23 Jul 2024 08:30:00 -0400 Sentiment: Neutral |
| Olaplex Holdings, Inc. to Report Second Quarter Fiscal 2024 Financial Results on August 6th NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (“OLAPLEX”), today announced that it plans to report second quarter fiscal 2024 financial results before the market opens on Tuesday, August 6, 2024. Source: GlobeNewsWire Tue, 23 Jul 2024 06:45:00 -0400 Sentiment: Neutral |
| Olaplex: Hoping For Revenue Improvements Going Ahead Olaplex reported a Q1 slightly beating the previously guided sales range, and showing a good profitability despite the slower sequential and year-over-year revenues. The company should report its Q2 results soon, and I suggest watching the revenues closely as the 2024 outlook expects sequential improvements. The stock's valuation is becoming more attractive, but due to the high-risk profile regarding the prior PR headwinds and the needed return to growth, I remain neutral. Source: Seeking Alpha Mon, 15 Jul 2024 22:06:07 -0400 Sentiment: Positive |
| Olaplex: When Growth Becomes A Value Turnaround Olaplex shares have fallen 93% from IPO price, but the company has strong fundamentals with high free cash flow margins. Sales decreased 35% in FY2023, leading to a big drop in share price. This drop was justified, but I think sales will recover. There are indications that Olaplex's products remain relevant and with a more favorable economic environment, it should regain its growth. Source: Seeking Alpha Mon, 15 Jul 2024 08:15:13 -0400 Sentiment: Positive |
| These 3 Penny Stocks Are Making Big Moves in July Investors are weighing easing inflation and the start of the earnings season with one key question in mind: when will the Federal Reserve move to lower interest rates? Meanwhile, positive sentiment continues to surround the broader markets, including several penny stocks that are riding the bullish wave. Source: 24/7 Wall Street Mon, 15 Jul 2024 00:06:12 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 3.8 52 Week Low: 1.19 Beta: 2.407 50 Day MA: 1.6893 200 Day MA: 1.8665 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.667 Qtr Revenue Growth YOY: -0.131 Forward PE: 10.2881 Trailing PE: 29.8571