While European Wax Center Inc has overperformed by 0.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EWCZ fell by -57.65%, with highs and lows ranging from $16.76 to $4.80, whereas the simple moving average fell by -39.09% in the last 200 days.
On August 15, 2024, Citigroup Downgraded European Wax Center Inc (NASDAQ: EWCZ) to Neutral. A report published by Piper Sandler on September 21, 2023, Upgraded its rating to ‘Overweight’ for EWCZ. Robert W. Baird also Downgraded EWCZ shares as ‘Neutral’, setting a target price of $21 on the company’s shares in a report dated April 05, 2023. Piper Sandler Initiated an Neutral rating on August 30, 2022, and assigned a price target of $22. Truist initiated its ‘Buy’ rating for EWCZ, as published in its report on August 30, 2021. Telsey Advisory Group’s report from August 30, 2021 suggests a price prediction of $30 for EWCZ shares, giving the stock a ‘Outperform’ rating. Robert W. Baird also rated the stock as ‘Outperform’.
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Analysis of European Wax Center Inc (EWCZ)
Further, the quarter-over-quarter increase in sales is 1.32%, showing a positive trend in the upcoming months.
One of the most important indicators of European Wax Center Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 13.59% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and EWCZ is recording 1.04M average volume. On a monthly basis, the volatility of the stock is set at 5.69%, whereas on a weekly basis, it is put at 3.99%, with a loss of -2.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.69, showing growth from the present price of $6.86, which can serve as yet another indication of whether EWCZ is worth investing in or should be passed over.
How Do You Analyze European Wax Center Inc Shares?
The Household & Personal Products market is dominated by European Wax Center Inc (EWCZ) based in the USA. When comparing European Wax Center Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.63, there is a growth in quarterly earnings of 11.77%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 35.89%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EWCZ shares are owned by institutional investors to the tune of 86.07% at present.
