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Stock Charts AI Power Rank: 5.8
Power Rank trend -> Rising
12/04/2024 10:49:00 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 $2.11 and $1.62 (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 $2.11 about 2% to the upside and support at $1.85 -10% 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 27% 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 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $3.67, a potential upside of 77.29% from the recent price of 2.07. The stock is trading 43.96% (potential upside) below its 52 week high of $2.98 and 73.95 % (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
| ‘Big Short' Michael Burry stock portfolio update After the famous ‘Big Short' investor Michael Burry abandoned his 2023 bet against the semiconductor industry – though, interestingly, the short position may not have been wrong, only poorly timed – he again stirred controversy with his persistent bullishness about Chinese stocks. Source: Finbold Fri, 15 Nov 2024 05:00:53 -0500 Sentiment: Neutral |
| Olaplex: Lashbond Building Serum Market Is Another Reason To Buy Olaplex Holdings has shown strong financial performance from 2020 to 2023, with significant growth potential driven by new investments and global distribution expansions. The company is undervalued, currently trading below $2 per share, despite a fair valuation estimate of $7 per share under normal circumstances. Key growth drivers include the Lashbond Building Serum Market, international distributor agreements, and innovation through partnerships with universities and biotech companies. Source: Seeking Alpha Wed, 13 Nov 2024 03:51:49 -0500 Sentiment: Positive |
| Olaplex Holdings, Inc (OLPX) Q3 2024 Earnings Call Transcript Olaplex Holdings, Inc (NASDAQ:OLPX ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Patrick Flaherty - Vice President, Investor Relations Amanda Baldwin - Chief Executive Officer Catherine Dunleavy - Chief Operating Officer & Chief Financial Officer Conference Call Participants Jonna Kim - TD Cowen Ashley Helgans - Jefferies Alec Legg - Canaccord Korinne Wolfmeyer - Piper Sandler Shovana Chowdhury - J.P. Morgan Lauren Lieberman - Barclays Olivia Tong - Raymond James Rob Ottenstein - Evercore Operator Greetings, and welcome to the Olaplex Holdings, Inc. Third Quarter 2024 Earnings Conference Call. Source: Seeking Alpha Sat, 09 Nov 2024 11:53:09 -0500 Sentiment: Neutral |
| Olaplex (OLPX) Reports Q3 Earnings: What Key Metrics Have to Say The headline numbers for Olaplex (OLPX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Source: Zacks Investment Research Thu, 07 Nov 2024 10:35:38 -0500 Sentiment: Positive |
| Olaplex Holdings, Inc. (OLPX) Q3 Earnings Match Estimates Olaplex Holdings, Inc. (OLPX) came out with quarterly earnings of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago. Source: Zacks Investment Research Thu, 07 Nov 2024 08:56:07 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 2.98 52 Week Low: 1.19 Beta: 2.472 50 Day MA: 2.0432 200 Day MA: 1.864 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.333 Qtr Revenue Growth YOY: -0.036 Forward PE: 22.9885 Trailing PE: 34.5