Olenox Industries (NASDAQ:OLOX) Issues Quarterly Earnings Results

Olenox Industries (NASDAQ:OLOX) announced its quarterly earnings results on Friday. The company reported ($5.22) EPS for the quarter, Zacks reports. Olenox Industries had a negative net margin of 637.32% and a negative return on equity of 90.11%. The company had revenue of $0.29 million for the quarter.

Olenox Industries Stock Performance

Shares of NASDAQ OLOX opened at $4.79 on Friday. Olenox Industries has a 12 month low of $4.10 and a 12 month high of $437.06. The company has a market cap of $6.23 million, a P/E ratio of -0.01 and a beta of 1.64. The business’s 50 day moving average is $5.92 and its two-hundred day moving average is $9.20. The company has a quick ratio of 0.04, a current ratio of 0.06 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On Olenox Industries

Several hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP bought a new position in Olenox Industries during the fourth quarter worth $32,000. Jane Street Group LLC acquired a new position in Olenox Industries during the 4th quarter valued at $70,000. Schonfeld Strategic Advisors LLC bought a new stake in Olenox Industries in the 4th quarter valued at $73,000. Finally, XTX Topco Ltd boosted its holdings in Olenox Industries by 360.3% in the 2nd quarter. XTX Topco Ltd now owns 50,561 shares of the company’s stock valued at $33,000 after purchasing an additional 39,576 shares during the period. 3.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

About Olenox Industries

Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.

Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.