Totalcash and cash equivalentson the company’s balance sheet at the end of the period were $76.4 million, up nearly seven times compared to the end of 2020. For all of 2020, net income sank 35.5% despite revenue growth of 90.4%. The company generated net income of $49.4 million on $152.1 million in net sales during its most recent quarter ended June 30, 2021. Olaplex Holdings, Inc. delivered earnings and revenue surprises of 16.67% and 1.39%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stoc…
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.
Rebuilding hair on a molecular level requires patience and consistency. I’m glad I gave Olaplex a shot and I’m already considering other products in its hair care line. The brand recommends using the No. 3 Hair Perfector two to three times a week if you have especially damaged hair.
Olaplex Holdings, Inc. develops, manufactures, and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company markets its products through its website, Olaplex.com, as well as third party e-commerce platforms.
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However, Olaplex’s P/E ratio is best considered in relation to those of others within the specialty retail industry or those of similar companies. Consumers might be cutting back on some items due to inflation, but a survey conducted by Cowen analysts shows people plan to stick with their beauty regimen. Cowen surveyed 1,000 respondents and 70% to 75% indicate they w… IBD Videos Get market updates, educational videos, webinars, and stock analysis.
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Olaplex Holdings Inc.
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.
There are currently 3 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” OLPX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OLPX, but not buy additional shares or sell existing shares. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
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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.
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Still, Olaplex No. 3 Hair Perfector seemed to bring my hair back to life in just a few uses. It’s pricier than other drugstore hair products, but it’s well worth the splurge. Ready to give your hair some love but unsure of the Olaplex price tag? Just read these reviews on why others love their No. 3 Hair Perfector and you’ll be ready to splurge. My goal for the product wasn’t to boost hydration, because this isn’t a conditioning treatment.
Spoiler alert—Olaplex No. 3 saved my hair!
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 https://day-trading.info/ 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.
The industry with the worst average Zacks Rank would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. A special purpose acquisition company is a publicly traded company created for the purpose of acquiring or merging with an existing company. Ortega, the wealthiest person in Spain, is Founding Chair of retail giant Inditex, the parent company of Zara, the world’s largest fashion retailer.
Olaplex Holdings Inc. is a scientifically driven beauty company primarily focused on manufacturing luxury hair care products for the professional hair care industry. Santa Barbara, California-based hair products company Olaplex wrapped an upsized initial public offering, selling 73.7 million shares at $21 each, well above the $17 to $19 range. It has a numbered product line, from zero to nine, for every step in your hair care routine. Ranging from the No. 0 bonding treatment to the No. 9 nourishing hair serum, the brand carries a product for all hair types. Olaplex No. 3 is the hair perfector, a pre-shampoo hair treatment that repairs and protects against damage.
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 when and what currency pairs can i trade 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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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.
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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.
Olaplex Hoping Investment Will Return Growth As Stock Drops on Drab Sales Forecast
The Company offers hair oil, shampoo, conditioner, perfector, and other related products. Luxury hair care company Olaplex went public on the Nasdaq on Sept. 30, 2021. Its IPO price was $21, significantly above the expected $17–$19 range, and as of Oct. 1, 2021, its valuation stands at more than $15 billion. Advent finalized its ownership of Olaplex in early 2020, but the financial details of that transaction were not disclosed. The other institutional shareholder, private equity firm Mousse Partners, owns 6.8%. Its products are based on scientifically supported designs aimed at treating damaged hair.