This is an increase of 550% compared to the previous 30 days. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Visit Performance Disclosure for information about the performance numbers displayed above. The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries.
Use our graph to track the performance of OLPX stocks over time. Deposit funds unto your account by linking your banking information or transfer funds from another trading account. The products have inspired a devout following, especially with Gen Z and young millennial consumers. The brand received a promotional boost in the influencer economy, with support spreading on TikTok and other social media apps that burnished Olaplex’s appeal.
This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.47 average news sentiment score of Consumer Staples companies. The company’s average rating score is 2.20, and is based on 6 buy ratings, 6 hold ratings, and 3 sell ratings.
CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Olaplex Investors of a Lead Plaintiff Deadline of January 17, 2023
According to 19 analysts, the average rating for OLPX stock is “Buy.” The 12-month stock price forecast is $7.09, which is an increase of 85.36% from the latest price. Olaplex generated revenue of $453 million in the year ended Jun 30. Based on its pro forma market cap, Olaplex’s trailing price-to-sales multiple is 27.2x.
Olaplex stock tanks 45% as company says salon-goers are spending less on hair-care services
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. One share of OLPX stock can currently be purchased for approximately $4.01.
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- 14 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Olaplex in the last year.
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Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only https://day-trading.info/ Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
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Dry and damaged hair would benefit from two to three uses per week, otherwise, a once-a-week treatment should suffice. Once those bond babies are restored, your dry, brittle hair will take its healthiest form once again. The company, founded in 2014 in a garage in California, sells its products in over 100 countries. Real-time analyst ratings, insider transactions, earnings data, and more.
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The company’s portfolio includes products for both professional and home use, including shampoos, conditioners, and bond multipliers. LOS ANGELES—-The Law Offices of Frank R. Cruz reminds investors of the upcoming January 17, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of inve… The company develops and manufactures conditioners, shampoos, and specialty products that are used to protect, repair, and rebuild broken bonds in hair. Olaplex now plans to offer 67 million shares at $17–$19 each. Initially, the company had planned to offer shares at $14–$16.
Struggling Stocks to Buy at a Discount
On Dec. 29, analysts at Cowen named Olaplex stock among the top beauty stocks, citing “innovation, pricing and generation Z” factors. Of their picks, Olaplex is expected to see the biggest sales growth, with the global cosmetics industry seen hitting $415.29 billion by 2028. Aftermarket performance is the variation in the price level of a newly issued stock during a period after its initial public offering . Olaplex went public on the Nasdaq on Sept. 30, 2021 at $21 a share, significantly above its original range of $17–$19. The offering sold a total of 73.7 million shares, up from an initial 67 million, after a greenshoe option was exercised. The initial public offering raised more than $1.5 billion for shareholders.
Investopedia does not include all offers available in the marketplace. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Olaplex’s totalbook value, the difference between its assets and liabilities, was $627.4 million as of June 30, 2021.
Buying an IPO is as simple as buying any other stock, but not every trading platform offers IPO stocks. Olaplex’s current share price divided by its per-share earnings over a 12-month period gives a “trailing price/earnings ratio” of roughly 12x. In other words, Olaplex shares trade at around 12x recent earnings. Valuing Olaplex stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Olaplex’s overall performance.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s top cryptocurrency exchanges ranked by volume media organizations, industry events and directly to consumers. Certain existing shareholders of Olaplex sold 73.7 million shares in the company’s upsized IPO to raise $1.55 billion. The offering was priced above an earlier projected price range of $17 to $19 per share.
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Insiders that own company stock include Eric Tiziani and Martha A M Morfitt. The technique has proven to be very useful for finding positive surprises. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
The company’s bond-multiplying technology was a novel innovation in the industry, enabling hairdressers to repair damaged hair and improve hair care services offered to their clientele. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. Stock of the company, owned by private equity firm Advent International, opened at $25 compared with their initial public offering price of $21 per share.
Olaplex was founded by its former chief executive officer , Dean Christal. Christal went on to launch Olaplex in 2014, beginning with a line of just three products sold exclusively to hair care professionals. Olaplex is a luxury hair care company specializing in the provision of professional hair care products. Sales through direct-to-consumers channels, including the company’s website and third-party e-commerce platforms, accounted for 27 percent of total net sales in 2020. While the Olaplex IPO is expensive, given the company’s revenue growth trajectory, profitability, and significant free cash flow, the offering is worth a look. About 76 percent of professional hairstylists believe that Olaplex products are of better quality than other brands.
Founded in 2014, Olaplex sells haircare products containing a patented repair ingredient, bis-aminopropyl diglycol dimaleate. The company was acquired by private equity company Advent International in 2019. Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision. Crypto Rallies Amid Banking Crisis See which crypto tokens and stocks are picking up steam as this week’s banking crisis unfolds.IBD Digital Extended Access Sale Loved IBD Digital Free Access? Introducing OptionsTrader by IBD IBD has entered the world of options!
If used generously, the 3.3-ounce bottle should last up to ten uses. Get a front row seat to our top videos and shop your favorites products now. Where can I find more information about topics including product efficacy, safety and ingredients? Please visit the EXPLORE section of our Company website and choose “How it Works” from the menu or click How it works – OLAPLEX Inc. “The visibility we get through the IPO will help in brand building and brand awareness…with the end consumer,” President and Chief Executive Officer JuE Wong said. By creating a free account, you agree to our terms of service.
Olaplex is seeking a valuation of up to $12.3 billion in its IPO. Unlike many other companies planning IPOs, Olaplex is profitable. In the first six months of 2021, its net income rose YoY (year-over-year) to $94.9 million from a net loss of $22.4 million. Its revenue rose 90.4 percent YoY to $282.3 million in 2020, and 171.3 percent YoY to $270.2 million in the first six months of 2021.