One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Olaplex Holdings Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Olaplex Holdings Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Olaplex Holdings Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Olaplex Holdings Inc (OLPX)

Before we jump into Olaplex Holdings Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Olaplex Holdings, Inc. is a science-enabled, technology-driven beauty company. The Company offers products through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer (DTC) channels. It develops products to address three uses: treatment, maintenance and protection. Its product portfolio comprises 11 products specifically developed to provide a holistic regimen for hair health. Its protected ingredient, Bis-aminopropyl diglycol dimaleate (Bis-amino), serves as the common thread across its products. Its product suite includes OLAPLEX Bond Multiplier (No. 1), OLAPLEX Bond Perfector (No. 2) and OLAPLEX 4-in-1 Moisture Mask. These three products often serve as an introduction to its brand, and a gateway to eight additional products that can be used at home, including a bond building treatment (No. 0), Hair Perfector (No. 3), shampoo and conditioner (No. 4 / 5 / 4-P), Bond Smoother (No. 6), Bonding Oil (No. 7) and Bonding Moisture Mask (No.8).

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Olaplex Holdings Inc’s Stock Price as of Market Close

As of February 28, 2023, 4:00 PM CST, Olaplex Holdings Inc’s stock price was $4.92.

Olaplex Holdings Inc is down 9.06% from its previous closing price of $5.41.

During the last market session, Olaplex Holdings Inc’s stock traded between $5.40 and $5.74. Currently, there are 649.10 million shares of Olaplex Holdings Inc stock available for purchase.

Olaplex Holdings Inc’s price-earnings (P/E) ratio is currently at 13.4, which is low compared to the Personal Products industry median of 34.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Olaplex Holdings Inc Stock Price History

Olaplex Holdings Inc’s (OLPX) price is currently down 22.03% so far this month.

During the month of February, Olaplex Holdings Inc’s stock price has reached a high of $7.10 and a low of $4.31.

Over the last year, Olaplex Holdings Inc has hit prices as high as $18.23 and as low as $3.80. Year to date, Olaplex Holdings Inc’s stock is down 83.11%.

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What Caused Olaplex Holdings Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 27, 2023, there were 11 analysts who downgraded Olaplex Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Olaplex Holdings Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Olaplex Holdings Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Olaplex Holdings Inc (OLPX) by visiting AAII Stock Evaluator.

Relative Price Strength of Olaplex Holdings Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 27, 2023, Olaplex Holdings Inc has a weighted four-quarter relative price strength of -15.69%, which translates to a Momentum Score of 16 and is considered to be Very Weak.

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Olaplex Holdings Inc Stock Price: Bottom Line

As of February 28, 2023, Olaplex Holdings Inc’s stock price is $4.92, which is down 9.06% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Olaplex Holdings Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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