European Wax Center wrapped its initial public offering, raising $180.2 million.
The company sold 10.6 million shares at $17 each, on the higher side of its $15 to $18 range.
The stock will commence trading on the Nasdaq later today, but shares are available for limit orders on Robinhood and other platforms.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, European Wax Center's shares have ranged in value from as little as $10.82 up to $20. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while European Wax Center's is 1.372. This would suggest that European Wax Center's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $11.66
| 1 week (2024-04-18) | 0.69% |
|---|---|
| 1 month (2024-03-27) | -10.17% |
| 3 months (2024-01-25) | -24.43% |
| 6 months (2023-10-26) | -19.75% |
| 1 year (2023-04-27) | -38.11% |
| 2 years (2022-04-27) | -58.33% |
| 3 years (2021-04-21) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the European Wax Center P/E ratio, PEG ratio and EBITDA
European Wax Center's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 68x. In other words, European Wax Center stocks trade at around 68x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, European Wax Center's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.
European Wax Center's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $65 million.
The EBITDA is a measure of a European Wax Center's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
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