European Wax Center Inc (NASDAQ: EWCZ) is -55.78% lower on its value in year-to-date trading and has touched a low of $4.80 and a high of $16.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EWCZ stock was last observed hovering at around $5.93 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $6.01, the stock is -11.83% and -12.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 1.35% at the moment leaves the stock -37.45% off its SMA200. EWCZ registered -58.03% loss for a year compared to 6-month loss of -46.91%. The firm has a 50-day simple moving average (SMA 50) of $6.8882 and a 200-day simple moving average (SMA200) of $9.60895.
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The stock witnessed a -15.94% gain in the last 1 month and extending the period to 3 months gives it a -12.90%, and is 2.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.63% over the week and 8.31% over the month.
European Wax Center Inc (EWCZ) has around 120 employees, a market worth around $346.90M and $223.50M in sales. Current P/E ratio is 26.31 and Fwd P/E is 16.55. Profit margin for the company is 4.90%. Distance from 52-week low is 25.21% and -62.60% from its 52-week high. The company has generated returns on investments over the last 12 months (2.46%).
The EPS is expected to shrink by -7.38% this year.
European Wax Center Inc (EWCZ) Top Institutional Holders
173.0 institutions hold shares in European Wax Center Inc (EWCZ), with institutional investors hold 98.42% of the company’s shares. The shares outstanding are 48.48M, and float is at 31.80M with Short Float at 6.73%. Institutions hold 97.70% of the Float.
The top institutional shareholder in the company is GENERAL ATLANTIC, L.P. with over 13.11 million shares valued at $130.19 million. The investor’s holdings represent 26.9722% of the EWCZ Shares outstanding. As of 2024-06-30, the second largest holder is CHAMPLAIN INVESTMENT PARTNERS, LLC with 3.74 million shares valued at $37.12 million to account for 7.69 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 3.24 million shares representing 6.6745% and valued at over $32.22 million, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 6.5394 of the shares totaling 3.18 million with a market value of $31.56 million.
European Wax Center Inc (EWCZ) Insider Activity
The most recent transaction is an insider sale by Thomassee Cindy, the company’s CAO and Controller. SEC filings show that Thomassee Cindy sold 10,000 shares of the company’s common stock on May 16 ’24 at a price of $11.01 per share for a total of $0.11 million. Following the sale, the insider now owns 75416.0 shares.
European Wax Center Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Thomassee Cindy (CAO and Controller) sold a total of 1,200 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $14.76 per share for $17706.0. Following the transaction, the insider now directly holds 86900.0 shares of the EWCZ stock.
