During the last session, European Wax Center Inc (NASDAQ:EWCZ)’s traded shares were 0.44 million, with the beta value of the company hitting 0.96. The 52-week high for the EWCZ share is $15.95, that puts it down -137.7 from that peak though still a striking 28.46% gain since the share price plummeted to a 52-week low of $4.80. The company’s market capitalization is $382.09M, and the average intraday trading volume over the past 10 days was 0.88 million shares, and the average trade volume was 920.28K 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 2.56. 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.
European Wax Center Inc (NASDAQ:EWCZ) trade information
The stock’s 5-day price performance is 5.67%, and it has moved by 32.61% in 30 days. Based on these gigs, the overall price performance for the year is -57.10%. The short interest in European Wax Center Inc (NASDAQ:EWCZ) is 2.27 million shares and it means that shorts have 6.74 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.75, which implies a decrease of -16.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $7 respectively. As a result, EWCZ is trading at a discount of -4.32% off the target high and 25.48% 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 -23.05% during the last six months, with a year-to-date growth rate less than the industry average at -8.11% against -4.90. In the rating firms’ projections, revenue will decrease -0.73% 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 52.17M as predicted by 8 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 52.18M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 56.33M and 51.87M respectively. In this case, analysts expect current quarter sales to shrink by -7.38% and then jump by 0.58% in the coming quarter.
While earnings are projected to return -5.88% in 2025, the next five years will return 5.21% per annum.
EWCZ Dividends
European Wax Center Inc is due to release its next quarterly earnings in February. 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 0.74% of total outstanding shares while institutional holders control 97.70%, with the float percentage being 98.42%. GENERAL ATLANTIC, L.P. is the largest shareholder of the company, while 173.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of European Wax Center Inc (EWCZ) shares are MFS New Discovery Fund and Vanguard Total Stock Market Index Fund . Data provided on Aug 31, 2024 indicates that MFS New Discovery Fund owns about 2.05 shares. This amounts to just over 4.58 percent of the company’s overall shares, with a $13.74 million market value. The same data shows that the other fund manager holds slightly less at 962.55, or about 2.15% of the stock, which is worth about $6.46 million.
