In last trading session, European Wax Center Inc (NASDAQ:EWCZ) saw 0.67 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $6.16 trading at -$0.25 or -3.90% at ring of the bell on the day assigns it a market valuation of $350.76M. That closing price of EWCZ’s stock is at a discount of -160.88% from its 52-week high price of $16.07 and is indicating a premium of 22.08% from its 52-week low price of $4.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.91 million shares which gives us an average trading volume of 815.83K if we extend that period to 3-months.
For European Wax Center Inc (EWCZ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.56. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.06 in the current quarter.
European Wax Center Inc (NASDAQ:EWCZ) trade information
Upright in the red during last session for losing -3.90%, in the last five days EWCZ remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $6.16 price level, adding 6.53% to its value on the day. European Wax Center Inc’s shares saw a change of -7.65% in year-to-date performance and have moved -3.14% in past 5-day. European Wax Center Inc (NASDAQ:EWCZ) showed a performance of -3.90% in past 30-days. Number of shares sold short was 2.27 million shares which calculate 6.74 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a fall of -2.67% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 18.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.83% for stock’s current value.
European Wax Center Inc (EWCZ) estimates and forecasts
Statistics highlight that European Wax Center Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -37.08% of value to its shares in past 6 months, showing an annual growth rate of -8.11% while that of industry is -4.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -0.98% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 51.78M for the same. And 6 analysts are in estimates of company making revenue of 52.15M in the next quarter. Company posted 56.33M and 51.87M of sales in current and next quarters respectively a year earlier.
European Wax Center Inc (NASDAQ:EWCZ)’s Major holders
Insiders are in possession of 0.74% of company’s total shares while institution are holding 97.70 percent of that, with stock having share float percentage of 98.42%. Investors also watch the number of corporate investors in a company very closely, which is 97.70% institutions for European Wax Center Inc that are currently holding shares of the company. GENERAL ATLANTIC, L.P. is the top institutional holder at EWCZ for having 13.11 million shares of worth $130.19 million. And as of 2024-06-30, it was holding 26.9722 of the company’s outstanding shares.
The second largest institutional holder is CHAMPLAIN INVESTMENT PARTNERS, LLC, which was holding about 3.74 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.69 of outstanding shares, having a total worth of $37.12 million.
On the other hand, MFS New Discovery Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 2.05 shares of worth $12.61 million or 4.58% of the total outstanding shares. The later fund manager was in possession of 962.55 shares on Sep 30, 2024 , making its stake of worth around $5.93 million in the company or a holder of 2.15% of company’s stock.
