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From a cursory perspective, haircare specialist Olaplex (OLPX) hardly seems like a viable candidate for an investment opportunity. Down almost 23% since the start of the new year, OLPX stock has practically seen nothing but red ink since its public market debut in 2021. Glaringly, in the trailing one-year period, shares plunged 76%. Frankly, you don’t typically lose that much value unless there’s a reason for it.
If that wasn’t warning enough, the Barchart Technical Opinion rating suggests that OLPX stock symbolizes a sell – and not just a garden-variety sell but a “100% sell.” Further, both near term and long-term indicators suggest that OLPX will continue along the negative trajectory. To top it off, Olaplex’s 60-month beta pings at 1.65, indicating volatility of a magnitude far greater than the benchmark equities index.
