In yesterday’s Wall Street session, European Wax Center Inc (NASDAQ:EWCZ) shares traded at $5.65, up 11.66% from the previous session.
EWCZ stock price is now -41.18% away from the 50-day moving average and -54.60% away from the 200-day moving average. The market capitalization of the company currently stands at $274.65M.
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With the price target reduced from $16 to $5.50, Citigroup Downgraded its rating from Buy to Neutral for European Wax Center Inc (NASDAQ: EWCZ). On September 21, 2023, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $19 to quote $22, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Thomassee Cindy, CAO and Controller sold 10,000 shares of the company’s stock on May 16 ’24. The stock was sold for $110,100 at an average price of $11.01. Upon completion of the transaction, the CAO and Controller now directly owns 75,416 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, CAO and Controller Thomassee Cindy sold 1,200 shares of the business’s stock. A total of $17,706 was realized by selling the stock at an average price of $14.76. This leaves the insider owning 86,900 shares of the company worth $0.49 million. A total of 35.20% of the company’s stock is owned by insiders.
During the past 12 months, European Wax Center Inc has had a low of $4.80 and a high of $18.28. As of last week, the company has a debt-to-equity ratio of 4.49, a current ratio of 3.49, and a quick ratio of 2.72. The fifty day moving average price for EWCZ is $9.6058 and a two-hundred day moving average price translates $12.446025 for the stock.
The latest earnings results from European Wax Center Inc (NASDAQ: EWCZ) was released for 2024-07-06. The net profit margin was 5.60% and return on equity was 13.59% for EWCZ. The company reported revenue of $59.87 million for the quarter, compared to $59.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.32 percent.
