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Sign up for a Robinhood brokerage account to watch AVCTQ and buy and sell other stock and options commission-free. JuE Wong, Olaplex’s CEO, posted to LinkedIn defending the brand as it faces a lawsuit claiming that its products caused hair loss and damage. Find out how stock lending works, the extra income you could potentially earn and the risks you should be aware of.

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. Unlike many other firms making a stock market debut, Olaplex was already profitable prior to its IPO. In the first half of 2021, its net income jumped to $94.9 million year-over-year from a net loss of $22.4 million.

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The business is expecting sales for the coming fiscal year to range between $796 million and $826 million. These relatively strong financials place Olaplex in a better position than other similar young companies. This is likely a factor that drove bullish sentiment over the company’s IPO. It’s expected that Olaplex will trade on theNasdaqunder the ticker symbol OLPX tomorrow.

Accordingly, this highly anticipated IPO has garnered a tremendous amount of attention this week. Investor demand for shares of what will be OLPX stock is burgeoning right now. This has led Olaplex to boost its IPO price ahead of its debut.

Also important is the data on short interest which shows that short shares stood at 22.6 million on Feb 27, 2023, giving us a short ratio of 8.01. The data shows that as of Feb 27, 2023 short interest in Olaplex Holdings Inc. stood at 3.47% of shares outstanding, with shares short rising to 22.58 million registered in Jan 30, 2023. Current price change has pushed the stock -23.99% YTD, which shows the potential for further growth is there.

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%. None of the proceeds from this IPO go into the bank account of the Santa Barbara hair products company.

Olaplex Falls after Analyst Downgrade

What you need to know about investing in the leading indicator for the overall US stock market. The EBITDA is a measure of a Olaplex’s overall financial performance and is widely used to measure a its profitability. However, Olaplex’s P/E ratio is best considered in relation to what time of the day does the stock market stop trading for the day those of others within the specialty retail industry or those of similar companies. Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold. The stock will be available on all the major brokerages, including Robinhood.

Olaplex Holdings, Inc. delivered earnings and revenue surprises of 16.67% and 1.39%, respectively, for the quarter ended December 2022. Olaplex Holdings Inc. posted first-quarter net income of $62.0 million, or 9 cents per share, up from $45.5 million, or 7 cents per share, last year. Adjusted EPS of 13 cents beat the FactSet consensus for 11 cents.

Latest On Olaplex Holdings Inc

The company issued revenue guidance of $563.00 million-$634.00 million, compared to the consensus revenue estimate of $730.69 million. Olaplex’s stock was trading at $5.21 at the beginning of the year. Since then, OLPX shares have decreased by 24.0% and is now trading at $3.96. 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 0.43 average news sentiment score of Consumer Staples companies.

The company enjoys massive brand loyalty from its customers and is often recommended to use by professional stylists. Olaplex is often trending on TikTok and is favored by beauty gurus and influencers for its award-winning bond repaid technology. After raising close to $1.6 billion as part of its September IPO, the company is now set to report its second-ever quarterly earnings report very soon.

• That’s relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
• Olaplex Holdings Inc. posted first-quarter net income of $62.0 million, or 9 cents per share, up from $45.5 million, or 7 cents per share, last year.
• The size of the global hair care market is expected to grow from an estimated $92.5 billion in 2020 to $105.1 billion in 2025.
• In 2020, the global haircare market was estimated to be worth $77 billion.
• Olaplex Holdings, Inc. delivered earnings and revenue surprises of 16.67% and 1.39%, respectively, for the quarter ended December 2022.

13 people have searched for OLPX on MarketBeat in the last 30 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. All investments involve risks, including the loss of principal. Securities trading offered through Robinhood Financial LLC, Member SIPC and a registered broker-dealer.

How Much Is Olaplex Worth?

This is very clear from both the prospectus and the follow on statement from the company that an “over-allotment” of additional shares were sold at $21.00. New York, New York–(Newsfile Corp. – January 13, 2023) – Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Olaplex Holdings, Inc. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site.

Real-time analyst ratings, insider transactions, earnings data, and more. Olaplex’s stock is owned by many different institutional and retail investors. Insiders that own company stock include Eric Tiziani and Martha A M Morfitt. Olaplex issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period.

The company was acquired by private equity company Advent International in 2019. Raised $1.1 billion in an initial public offering on Thursday, September 30th 2021. The company issued 73,700,000 shares at $14.00-$16.00 per share.

Olaplex Financials

We may also receive payment if you click on certain links posted on our site. Buying an IPO is as simple as buying any other stock, but not every trading platform offers IPO stocks. Valuing Olaplex stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture https://day-trading.info/ of Olaplex’s overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock. Compare special offers, low fees and a wide range of investment options among top trading platforms. Initially, the company had planned to offer shares at $14–$16.

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. MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations.

As a result, public shareholders might own a stake in a company with lower interest expenses going forward. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. 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.

Goldman Sachs, JPMorganChase, Morgan Stanley, and Barclays are the joint lead book-running managers. The underwriters have the option to purchase an additional 10.1 million shares at the IPO price. Last year, the global haircare space was estimated to be worth a whopping $77 billion and is expected to grow 6% compounded annually between 2020 to 2025.

Olaplex share dividends

This proves that Olaplex has a massive market to address which will boost sales. Olaplex is owned by Advent International, a private equity firm, which bought the blonde builder expert in January 2020. After its IPO, Advent maintained 78.2% of Olaplex, according to a prospectus. In the market, a comparison of Olaplex Holdings Inc. and its peers suggest the former has performed considerably weaker. Data shows OLPX’s intraday price has changed -1.25% in last session and -73.10% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.76% and 1.17% respectively in the last trading.