How to Buy Olaplex Holdings Stock
Olaplex Holdings Inc
Olaplex Holdings, Inc. manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair.
Olaplex Holdings stock last closed at $2.15, down 6.52% from the previous day, and has decreased 15.69% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.25 percentage points. Olaplex Holdings stock is currently +80.67% from its 52-week low of $1.19, and -27.85% from its 52-week high of $2.98.
There are currently 661.98M OLPX shares outstanding. The market cap of OLPX is $1.42B. In the past 24 hours, 1.43M OLPX shares were traded.
How to Buy Olaplex Holdings Stock
Wondering how to invest in Olaplex Holdings stock? Here's how.
- Choose where to buy Olaplex Holdings stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Olaplex Holdings stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Analyze Olaplex Holdings stock: The Olaplex Holdings ticker symbol is OLPX. Is Olaplex Holdings stock a good investment? Should you buy shares of OLPX? How do OLPX's underlying business fundamentals look? Do top analysts think Olaplex Holdings is a good buy? Why has OLPX's stock price moved recently? (Hint: Our stock research website can help you evaluate if OLPX is a good stock to buy).
- Make your OLPX buy order: Decide if you will purchase OLPX shares at the current market price or use a limit order to buy OLPX shares at a specific price.
- Get the latest news on your OLPX investment: Create a watchlist to important updates regarding your new investment in Olaplex Holdings stock.
Step 1: Choose where to buy Olaplex Holdings stock
You need a brokerage account in order to access the NASDAQ market and buy OLPX stock.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal information so you are able to buy OLPX stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on the best stock trading app, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing money into your new brokerage account.
Step 4: Analyze Olaplex Holdings stock
After you have identified the best place to buy Olaplex Holdings stock, it's critical to evaluate their stock before you buy, so you can wrap your head around the risk as well as the upside.
Overview of key OLPX info
OLPX Overview
WallStreetZen was designed to help part-time investors do better fundamental analysis.
You can see all of the due diligence checks on OLPX's stock page.
What is the fair value of OLPX stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OLPX's true value.
Using relative valuations measures:
- OLPX may be overvalued based on its P/E ratio of 30.71x, relative to Specialty Retail industry P/E ratio of 28.81x
- OLPX may be undervalued based on its P/B ratio of 1.65x, relative to Specialty Retail industry P/B ratio of 10.47x
- OLPX could be undervalued based on its PEG ratio of 0.82x
You can do more valuation research on OLPX's stock here.
OLPX Financials at a glance
Signs that OLPX is financially healthy:
- There are more short-term assets than short-term liabilities on the OLPX balance sheet.
- OLPX's operating cash flow of $162.39M allows it to safely service it's debt of $653.12M.
Signs that OLPX is not financially healthy:
- OLPX has a relatively high debt to equity ratio of 1.04.
- OLPX earnings of $127.86M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the OLPX balance sheet.
- OLPX profit margin has gone down from 22.9% to 11% in the past year.
Is OLPX stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 Wall Street analysts who track OLPX, the consensus analyst rating on Olaplex Holdings is a Hold
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Olaplex Holdings stock forecast page.
OLPX Trading Indicators
OLPX Performance Metrics
Last year, OLPX earnings were $47.99M. During the last three year, OLPX's earnings have increased by -89.14% per year. This was slower than the Specialty Retail industry average of 18.65%.
Last year, OLPX revenue was $438.12M. In the last 3 year, OLPX's revenue has grown by -31.95% per year. This was slower than the Specialty Retail industry average of 8.89%.
Dive into OLPX's earnings and revenue performance here.
Who is buying/selling OLPX?
Over the last year, executives and large shareholders at OLPX have bought more shares than they have sold.
John P. Bilbrey, Director of OLPX, was the latest OLPX insider to buy. They bought $376,160.65 worth of OLPX stock on Aug 19, 2024.
Dig into more about who owns OLPX shares here.
Does OLPX provide a stable income stream?
No, Olaplex Holdings doesn't provide an income stream by paying out dividends.
What others are saying about OLPX
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your OLPX buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Press the Open button and eToro will place the order.
If you need additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your OLPX investment
Now that you own some shares in OLPX, you'll want to keep up with your new investment.
Make a watchlist to get alerted to the latest events about your OLPX stock.
OLPX Feed
How to Buy Stock in Olaplex Holdings
To summarize, here are the 6 steps to buy stock in Olaplex Holdings:
- Choose where to buy Olaplex Holdings stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Olaplex Holdings stock
- Make your OLPX buy order
- Get the latest news on your OLPX investment
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Olaplex Holdings, hit the button below to create your watchlist.
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