Market Watch Highlights: European Wax Center Inc (EWCZ) Ends on an Downturn Note at 6.91

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As of close of business last night, European Wax Center Inc’s stock clocked out at $6.91, down -1.85% from its previous closing price of $7.04. In other words, the price has decreased by -$1.85 from its previous closing price. On the day, 0.67 million shares were traded. EWCZ stock price reached its highest trading level at $7.235 during the session, while it also had its lowest trading level at $6.85.

Ratios:

To gain a deeper understanding of EWCZ’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 3.49. In the meantime, Its Debt-to-Equity ratio is 4.49 whereas as Long-Term Debt/Eq ratio is at 4.43.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on August 15, 2024, Downgraded its rating to Neutral and sets its target price to $5.50 from $16 previously.

On September 21, 2023, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $19 to $22.

Robert W. Baird Downgraded its Outperform to Neutral on April 05, 2023, while the target price for the stock was maintained at $21.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 16 ’24 when Thomassee Cindy sold 10,000 shares for $11.01 per share. The transaction valued at 110,100 led to the insider holds 75,416 shares of the business.

Thomassee Cindy sold 1,200 shares of EWCZ for $17,706 on Mar 11 ’24. The CAO and Controller now owns 86,900 shares after completing the transaction at $14.76 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EWCZ now has a Market Capitalization of 414460416 and an Enterprise Value of 687367872. As of this moment, European’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.82, and their Forward P/E ratio for the next fiscal year is 18.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 3.072 whereas that against EBITDA is 9.701.

Stock Price History:

Over the past 52 weeks, EWCZ has reached a high of $18.04, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is -8.32%, while the 200-Day Moving Average is calculated to be -39.81%.

Shares Statistics:

It appears that EWCZ traded 1.06M shares on average per day over the past three months and 705540 shares per day over the past ten days. A total of 48.48M shares are outstanding, with a floating share count of 30.62M. Insiders hold about 35.89% of the company’s shares, while institutions hold 86.06% stake in the company. Shares short for EWCZ as of 1724976000 were 2543347 with a Short Ratio of 2.41, compared to 1722384000 on 4624519. Therefore, it implies a Short% of Shares Outstanding of 2543347 and a Short% of Float of 8.2100004.

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