Olaplex Holdings, Inc. (OLPX, Financial) experienced a significant stock price increase of 5.96%, reaching $2.05 per share with a trading volume of 561,056 shares. The company's recent financial report revealed a revenue of $119 million, net profit of $14.8 million, and earnings per share of $0.02. The gross profit stood at $70.95 million with a price-to-earnings ratio of 33.75.
Analyst ratings show that out of 10 participating institutions, 90% recommend holding the stock, while 10% suggest selling, with no buy recommendations. The retail sector, where Olaplex operates, saw an overall increase of 0.81%. Notable performers in this sector include Miniso, Jbdi Holdings Limited, and Petco Health And Wellness Company, Inc.
Olaplex is a tech-driven beauty company focused on hair health solutions, collaborating with hairstylists and consumers to address hair care concerns through proprietary technology. The company generates most of its revenue from professional sales channels, followed by retail and direct-to-consumer sales, with a significant portion of income from international markets.
