Why European Wax Center Inc’s (EWCZ) Stock Is Down 26.98%

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate European Wax Center Inc before investing.

In this article, we go over a few key elements for understanding European Wax Center Inc’s stock price such as:

• European Wax Center Inc’s current stock price and volume
• Why European Wax Center Inc’s stock price changed recently
• Upgrades and downgrades for EWCZ from analysts
• EWCZ’s stock price momentum as measured by its relative strength

About European Wax Center Inc (EWCZ)

Before we jump into European Wax Center Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

European Wax Center, Inc. is a franchisor and operator of out-of-home (OOH) waxing services in the United States. The Company offers guests hygienic waxing services administered by its EWC-trained estheticians (its wax specialists). It provides a technology-enabled interface for automated appointment scheduling and remote check-in capabilities across its network of centers. The Company offers a variety of body and facial waxing services focused on the areas of their bodies needing hair removal. It utilizes its Comfort Wax formulation during the waxing service. This wax product features a blend of natural beeswax combined with other skin-soothing ingredients and is co-manufactured by suppliers in Europe. The Company also offers skincare retail products. It provides a range of pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers and skin treatments. The Company operates a portfolio of centers operating in 1,044 locations across 45 states.

Want to learn more about European Wax Center Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about European Wax Center Inc.

European Wax Center Inc’s Stock Price as of Market Close

As of August 14, 2024, 4:00 PM, CST, European Wax Center Inc’s stock price was $5.06.

European Wax Center Inc is down 26.98% from its previous closing price of $6.93.

During the last market session, European Wax Center Inc’s stock traded between $6.73 and $7.06. Currently, there are 48.56 million shares of European Wax Center Inc stock available for purchase.

European Wax Center Inc’s price-earnings (P/E) ratio is currently at 26.2, which is high compared to the Personal Services industry median of 17.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

European Wax Center Inc Stock Price History

European Wax Center Inc’s (EWCZ) price is currently down 46.11% so far this month.

During the month of August, European Wax Center Inc’s stock price has reached a high of $9.45 and a low of $4.80.

Over the last year, European Wax Center Inc has hit prices as high as $18.28 and as low as $6.65. Year to date, European Wax Center Inc’s stock is down 59.36%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused European Wax Center Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock’s price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 13, 2024, there were 8 analysts who downgraded European Wax Center Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you’ll want to evaluate European Wax Center Inc’s financial health and valuation. Investors can use AAII’s Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on European Wax Center Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

European Wax Center Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about European Wax Center Inc (EWCZ) by visiting AAII Stock Evaluator.

Relative Price Strength of European Wax Center Inc

Relative price strength measures a stock’s performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 13, 2024, European Wax Center Inc has a weighted four-quarter relative price strength of -25.89%, which translates to a Momentum Score of 13 and is considered to be Very Weak.

Want to learn more about how European Wax Center Inc is graded based on AAII’s scores composite for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

European Wax Center Inc Stock Price: Bottom Line

As of August 14, 2024, European Wax Center Inc’s stock price is $5.06, which is down 26.98% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like European Wax Center Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company’s overall health.

Subscribing to AAII’s A+ Investor provides access to comprehensive analytics and insights for confident investing.