Olaplex Holdings (OLPX) Stock

We have just released a list of the 11 Best NASDAQ Penny Stocks to consider buying at the moment. In this article, we will examine how Olaplex Holdings, Inc. (NASDAQ:OLPX) compares to other top NASDAQ penny stocks available right now. The NASDAQ Stock Market features many of the biggest companies globally.

Olaplex Holdings has shown strong financial performance from 2020 to 2023, with significant growth potential driven by new investments and global distribution expansions. The company is undervalued, currently trading below $2 per share, despite a fair valuation estimate of $7 per share under normal circumstances. Key growth drivers include the Lashbond Building Serum Market, international distributor agreements, and innovation through partnerships with universities and biotech companies.

Olaplex Holdings, Inc (NASDAQ:OLPX ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Patrick Flaherty - Vice President, Investor Relations Amanda Baldwin - Chief Executive Officer Catherine Dunleavy - Chief Operating Officer & Chief Financial Officer Conference Call Participants Jonna Kim - TD Cowen Ashley Helgans - Jefferies Alec Legg - Canaccord Korinne Wolfmeyer - Piper Sandler Shovana Chowdhury - J.P. Morgan Lauren Lieberman - Barclays Olivia Tong - Raymond James Rob Ottenstein - Evercore Operator Greetings, and welcome to the Olaplex Holdings, Inc. Third Quarter 2024 Earnings Conference Call.

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the third quarter and nine months ended September 30, 2024. Amanda Baldwin, OLAPLEX's Chief Executive Officer, commented: "This year has been dedicated to transformation and we continue to make strides on our plan to prioritize product innovation and the Professional community.

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (“OLAPLEX”), today announced that it plans to report third quarter fiscal 2024 financial results before the market opens on Thursday, November 7, 2024.

Shares of Olaplex Holdings are primed for a rebound after years of declines due to poor financial performance and a weak management outlook. The company's specialized product mix is full of high-grade haircare solutions that are well-positioned amidst competitors. After years of declining revenues in the company's Pro sales channel, several key initiatives have been established to reconnect with professional hairstylists to return this network to growth.

Olaplex's executive chairman bought shares of the beleaguered hair care company for the first time this year. The market viewed these personal buys as a vote of confidence for the stock, which reported better-than-expected earnings in early August.

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (“OLAPLEX”), today announced their participation in the Barclays 17th Annual Global Consumer Staples Conference in Boston, MA.

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the second quarter and six months ended June 30, 2024. Amanda Baldwin, OLAPLEX's Chief Executive Officer, commented: "Our second quarter performance was in line with our expectations and demonstrated continued stabilization in the business.