European Wax Center Inc (NASDAQ:EWCZ)’s traded shares stood at 0.67 million during the last session, with the company’s beta value hitting 1.18. At the close of trading, the stock’s price was $6.30, to imply a decrease of -0.79% or -$0.05 in intraday trading. The EWCZ share’s 52-week high remains $18.28, putting it -190.16% down since that peak but still an impressive 23.81% since price per share fell to its 52-week low of $4.80. The company has a valuation of $300.95M, with an average of 2.44 million shares in intraday trading volume over the past 10 days and average of 964.48K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for European Wax Center Inc (EWCZ), translating to a mean rating of 1.67. Of 5 analyst(s) looking at the stock, 0 analyst(s) give EWCZ a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.
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European Wax Center Inc (NASDAQ:EWCZ) trade information
After registering a -0.79% downside in the last session, European Wax Center Inc (EWCZ) has traded red over the past five days. The 5-day price performance for the stock is 5.88%, and -27.59% over 30 days. With these gigs, the year-to-date price performance is -53.64%. Short interest in European Wax Center Inc (NASDAQ:EWCZ) saw shorts transact 4.62 million shares and set a 6.56 days time to cover.
The extremes give us $5.5 and $22 for target low and target high price respectively. As such, EWCZ has been trading -249.21% off suggested target high and 12.7% from its likely low.
European Wax Center Inc (EWCZ) estimates and forecasts
Looking at statistics comparing European Wax Center Inc share performance against respective industry, we note that the company has underperformed competitors. European Wax Center Inc (EWCZ) shares are -54.74% down over the last 6 months, with its year-to-date growth rate lower than industry average at -13.51% against 5.00%. Revenue is forecast to shrink -41.70% this quarter before falling -41.70% for the next one. The rating firms project that company’s revenue will shrink -1.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 54.16M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 52.57M.Earnings reports from the last fiscal year show that sales brought in 55.72M and 56.33M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.80% before dropping -6.70% in the following quarter.
EWCZ Dividends
European Wax Center Inc has its next earnings report out on 2024-Aug-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
European Wax Center Inc (NASDAQ:EWCZ)’s Major holders
European Wax Center Inc insiders hold 7.54% of total outstanding shares, with institutional holders owning 114.04% of the shares at 123.34% float percentage. In total, 114.04% institutions holds shares in the company, led by GENERAL ATLANTIC, L.P.. As of 2024-06-30, the company held over 13.11 million shares (or 26.9722% of shares), all amounting to roughly $130.19 million.
The next major institution holding the largest number of shares is CHAMPLAIN INVESTMENT PARTNERS, LLC with 3.74 million shares, or about 7.69% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $37.12 million.
