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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 – OLPX Stock Forecast, Price & News
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 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 EBITDA is a measure of a Olaplex’s overall financial performance and is widely used to measure a its profitability.
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- Olaplex’s totalbook value, the difference between its assets and liabilities, was $627.4 million as of June 30, 2021.
- Radnor, Pennsylvania–(Newsfile Corp. – January 14, 2023) – The law firm of Kessler Topaz Meltzer & Check, LLP () informs investors that a securities class action lawsuit has been filed ag…
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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.
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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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.
Consumer Staples Stocks Moving In Friday’s After-Market Session
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 how to invest in foreign currency online 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.
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.
Olaplex Stock Attempts to Regain Ground. But Road Ahead Looks Challenging.
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.
What is OLPX stock price target?
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.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. All intellectual property rights are reserved https://day-trading.info/ 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.
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.
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.
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.
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.