European Wax Center Inc (NASDAQ: EWCZ) Fall -51.24% In Six Months, Here’s What We Should Expect Now

During the last session, European Wax Center Inc (NASDAQ:EWCZ)’s traded shares were 1.08 million, with the beta value of the company hitting 1.17. At the end of the trading day, the stock’s price was $6.90, reflecting an intraday gain of 1.47% or $0.1. The 52-week high for the EWCZ share is $18.28, that puts it down -164.93 from that peak though still a striking 30.43% gain since the share price plummeted to a 52-week low of $4.80. The company’s market capitalization is $329.61M, and the average intraday trading volume over the past 10 days was 1.24 million shares, and the average trade volume was 969.54K shares over the past three months.

European Wax Center Inc (EWCZ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. EWCZ has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.06.

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European Wax Center Inc (NASDAQ:EWCZ) trade information

European Wax Center Inc (EWCZ) registered a 1.47% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.47% in intraday trading to $6.90, hitting a weekly high. The stock’s 5-day price performance is 9.52%, and it has moved by -20.78% in 30 days. Based on these gigs, the overall price performance for the year is -60.53%. The short interest in European Wax Center Inc (NASDAQ:EWCZ) is 2.88 million shares and it means that shorts have 2.06 day(s) to cover.

The consensus price target of analysts on Wall Street is $12, which implies an increase of 42.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.5 and $22 respectively. As a result, EWCZ is trading at a discount of -218.84% off the target high and 20.29% off the low.

European Wax Center Inc (EWCZ) estimates and forecasts

Statistics show that European Wax Center Inc has underperformed its competitors in share price, compared to the industry in which it operates. European Wax Center Inc (EWCZ) shares have gone down -51.24% during the last six months, with a year-to-date growth rate less than the industry average at -13.51% against 6.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -50.00% this quarter and then drop -41.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.20% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 54.16M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 52.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 55.72M and 56.33M respectively. In this case, analysts expect current quarter sales to shrink by -2.80% and then drop by -6.70% in the coming quarter.

While earnings are projected to return -16.18% in 2024.

EWCZ Dividends

European Wax Center Inc is due to release its next quarterly earnings on 2024-Aug-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

European Wax Center Inc (NASDAQ:EWCZ)’s Major holders

European Wax Center Inc insiders own 7.54% of total outstanding shares while institutional holders control 114.04%, with the float percentage being 123.34%. GENERAL ATLANTIC, L.P. is the largest shareholder of the company, while 174.0 institutions own stock in it. As of 2024-06-30, the company held over 13.11 million shares (or 26.9722% of all shares), a total value of $130.19 million in shares.

The next largest institutional holding, with 3.74 million shares, is of CHAMPLAIN INVESTMENT PARTNERS, LLC’s that is approximately 7.69% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $37.12 million.