European Wax Center Inc (NASDAQ: EWCZ) has a higher price-to-earnings ratio of 28.34x compared to its average ratio, The 36-month beta value for EWCZ is at 1.16. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for EWCZ is 33.94M, and currently, shorts hold a 6.69% of that float. The average trading volume for EWCZ on November 14, 2024 was 811.24K shares.
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EWCZ) stock’s latest price update
The stock price of European Wax Center Inc (NASDAQ: EWCZ) has dropped by -8.86 compared to previous close of 8.01. Despite this, the company has seen a fall of -9.20% in its stock price over the last five trading days. globenewswire.com reported 2024-11-14 that Reiterates fiscal 2024 financial outlook Updates fiscal 2024 outlook for net new centers Third Quarter Fiscal 2024 versus 2023 Net new centers increased 3.7% to 1,064 total centers in 45 states System-wide sales of $240.2 million decreased 0.2% Total revenue of $55.4 million decreased 0.5% Same-store sales decreased 0.5% GAAP net income of $2.0 million decreased 50.7% Adjusted net income of $5.5 million decreased 8.2% Adjusted EBITDA of $18.4 million decreased 4.4% PLANO, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) — Today, European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 and 39 weeks ended October 5, 2024. David Berg, Executive Chairman and CEO of European Wax Center, Inc. stated, “We are pleased that our third quarter results were in line with the revised expectations we provided in August.
EWCZ’s Market Performance
European Wax Center Inc (EWCZ) has seen a -9.20% fall in stock performance for the week, with a 5.49% gain in the past month and a 22.69% surge in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are at 4.36% for EWCZ. The simple moving average for the past 20 days is -2.17% for EWCZ’s stock, with a -27.45% simple moving average for the past 200 days.
Analysts’ Opinion of EWCZ
Many brokerage firms have already submitted their reports for EWCZ stocks, with Citigroup repeating the rating for EWCZ by listing it as a “Neutral.” The predicted price for EWCZ in the upcoming period, according to Citigroup is $5.50 based on the research report published on August 15, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see EWCZ reach a price target of $22, previously predicting the price at $19. The rating they have provided for EWCZ stocks is “Overweight” according to the report published on September 21st, 2023.
Robert W. Baird gave a rating of “Neutral” to EWCZ, setting the target price at $21 in the report published on April 05th of the previous year.
EWCZ Trading at 2.30% from the 50-Day Moving Average
After a stumble in the market that brought EWCZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.57% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares surge +4.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.59% upper at present.
During the last 5 trading sessions, EWCZ fell by -7.59%, which changed the moving average for the period of 200-days by -49.93% in comparison to the 20-day moving average, which settled at $7.47. In addition, European Wax Center Inc saw -46.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EWCZ starting from Thomassee Cindy, who sale 10,000 shares at the price of $11.01 back on May 16 ’24. After this action, Thomassee Cindy now owns 75,416 shares of European Wax Center Inc, valued at $110,100 using the latest closing price.
Thomassee Cindy, the CAO and Controller of European Wax Center Inc, sale 1,200 shares at $14.76 during a trade that took place back on Mar 11 ’24, which means that Thomassee Cindy is holding 86,900 shares at $17,706 based on the most recent closing price.
Stock Fundamentals for EWCZ
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.69 for the gross margin
The net margin for European Wax Center Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 13.59, with 1.69 for asset returns.
Based on European Wax Center Inc (EWCZ), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 5.54. The interest coverage ratio of the stock is 1.86.
Currently, EBITDA for the company is 65.03 million with net debt to EBITDA at 4.96. When we switch over and look at the enterprise to sales, we see a ratio of 3.06. The receivables turnover for the company is 1.07for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.49.
Conclusion
In conclusion, European Wax Center Inc (EWCZ) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
