Olaplex Holdings Inc. [OLPX] Investment Guide: What You Need to Know

Olaplex Holdings Inc.’s recent filing unveils that its Director BILBREY JOHN P acquired Company’s shares for reported $0.11 million on Aug 15. In the deal valued at $2.63 per share,43,500 shares were bought. As a result of this transaction, BILBREY JOHN P now holds 50,000 shares worth roughly $ 0.13 million.

Then, BILBREY JOHN P bought 6,500 shares, generating $17,225 in total proceeds. Upon buying the shares at $2.65, the Director now owns 6,500 shares.

Piper Sandler downgraded its Olaplex Holdings Inc. [OLPX] rating to an Underweight from a a Neutral in a research note published on Friday, August 25, 2023; the price target was decreased to $2 from $3. PT values the company’s stock at a premium of -34.0 to its Friday closing price.

Price Performance Review of OLPX

On Friday, Olaplex Holdings Inc. [NASDAQ:OLPX] saw its stock fall -1.11% to $2.68. On the same session, the stock had its day’s lowest price of $2.64, but rose to a high of $2.79. Over the last five days, the stock has gained 1.52%. Olaplex Holdings Inc. shares have fallen nearly -48.56% since the year began. Nevertheless, the stocks have fallen -79.88% over the past one year. While a 52-week high of $13.24 was reached on 02/02/23, a 52-week low of $2.42 was recorded on 08/25/23. SMA at 50 days reached $3.38, while 200 days put it at $4.40. A total of 1.25 million shares were traded, compared to the trading of 1.58 million shares in the previous session.

Levels Of Support And Resistance For OLPX Stock

The 24-hour chart illustrates a support level at 2.62, which if violated will result in even more drops to 2.55. On the upside, there is a resistance level at 2.77. A further resistance level may holdings at 2.85. The Relative Strength Index (RSI) on the 14-day chart is 34.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.21%. Stochastics %K at 52.91% indicates the stock is a holding.

How much short interest is there in Olaplex Holdings Inc.?

A steep rise in short interest was recorded in Olaplex Holdings Inc. stocks on Aug 14, 2023, growing by 0.14 million shares to a total of 15.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 15.16 million shares. There was a rise of 0.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.74% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.41.

Olaplex Holdings Inc. [OLPX] – Who Are The Largest Shareholders?

In filings from Mousse Partners Ltd., it is revealed that the company now owns 38,136,163 shares, or roughly 5.83% of the outstanding OLPX shares. Additionally, Fidelity Management & Research Co decreased -19.21% of its stake after which the total value it holdings stand at $111,296,768, while The Vanguard Group, Inc. reduced -0.54% of its stake to hold $31.34 million in the firm. Over the last quarter, AQR Capital Management LLC purchased 252,099 shares of Olaplex Holdings Inc., while BlackRock Fund Advisors bought -107,761 shares. At present, Janus Henderson Investors US LLC is holding 4,162,340 shares valued at $14.98 million. Pacer Advisors, Inc. owned 4,100,831 shares of the company at the time of its most recent 13F filing, worth $14.76 million.

According to FactSet, Olaplex Holdings Inc.’s share price will average $3.76 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.7 percent from its previous closing price of $2.71. Analysts expect Olaplex Holdings Inc. stock to reach the higher price of $7.50, while the lowest price estimate is $2.00. However, 13 analysts have rated OLPX stock as a Hold in their predictions for 2023.