10 Most Volatile Stocks Under $3 For Day Trading

7. Olaplex Holdings, Inc. (NASDAQ:OLPX)

Number of Hedge Fund Holders: 15

Olaplex Holdings, Inc. (NASDAQ:OLPX) is a science-driven beauty company specializing in hair care products designed to repair and strengthen damaged hair. Its patented Bond Building Technology targets broken hair bonds caused by chemical, thermal, and mechanical damage. The company offers a range of shampoos, conditioners, treatments, and styling products used by both professionals and consumers. OLPX distributes its products through salons, retailers, e-commerce platforms, and direct-to-consumer channels. It serves global markets, leveraging brand loyalty and a strong presence in the premium hair care segment. Revenue is generated through product sales across professional, specialty retail, and digital channels.

For Q4 2024, Olaplex Holdings, Inc. (NASDAQ:OLPX) reported net sales of $100.7 million and adjusted EBITDA of $17.5 million, while full-year net sales were $422.7 million, representing a 7.8% decline from 2023. The company demonstrated progress in its transformation strategy through three key priorities: maximizing sales and marketing impact, strengthening capabilities and culture, and developing a long-term vision. The company’s end-of-year performance showed improvement with better-than-expected holiday season results, maintaining strong positions in key accounts across distribution channels. Notably, OLAPLEX regained the #1 position in earned media value among US hair care brands in December and had the #1 set in US prestige hair care during the 2024 holiday season.

Looking ahead to 2025, Olaplex Holdings, Inc. (NASDAQ:OLPX) introduced its “Bonds and Beyond” strategic vision, focusing on expanding beyond damage repair to position the OLAPLEX brand as a solution for everyday foundational hair health. The financial outlook for 2025 projects net sales growth between -3% to +2% versus 2024, with adjusted EBITDA margin expected between 20% to 22% as the company invests in marketing and talent. The company plans to continue its international business transformation by focusing on fewer, stronger distributor partnerships and implementing localized strategies across markets. With an equity beta of 2.31, OLPX is one of the most volatile stocks under $3 for day trading.