Olenox Industries (NASDAQ:OLOX) Issues Earnings Results

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

Olenox Industries Stock Performance

NASDAQ OLOX opened at $4.79 on Friday. The firm has a market capitalization of $6.24 million, a P/E ratio of -0.01 and a beta of 1.64. The company has a current ratio of 0.06, a quick ratio of 0.04 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $5.92 and its two-hundred day moving average price is $9.20. Olenox Industries has a 1 year low of $4.10 and a 1 year high of $437.06.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Olenox Industries in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Olenox Industries currently has a consensus rating of “Sell”.

Olenox Industries Company Profile

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.