Olenox Industries (NASDAQ:OLOX) Announces Earnings Results

Olenox Industries (NASDAQ:OLOX) announced its quarterly earnings results on Wednesday. The company reported ($3.11) earnings per share (EPS) for the quarter, FiscalAI reports. Olenox Industries had a negative return on equity of 117.56% and a negative net margin of 701.31%.The firm had revenue of $2.12 million during the quarter.

Olenox Industries Stock Down 7.3%

OLOX opened at $2.41 on Thursday. The stock has a market capitalization of $3.40 million, a price-to-earnings ratio of -0.01 and a beta of 1.66. The firm has a 50 day moving average price of $4.90 and a 200-day moving average price of $8.01. Olenox Industries has a twelve month low of $2.10 and a twelve month high of $144.96. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Olenox Industries

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd lifted its holdings in shares of Olenox Industries by 360.3% during the 2nd 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 period. Jane Street Group LLC bought a new stake in shares of Olenox Industries in the fourth quarter worth $70,000. Schonfeld Strategic Advisors LLC purchased a new stake in Olenox Industries during the fourth quarter valued at $73,000. Finally, Engineers Gate Manager LP purchased a new stake in Olenox Industries during the fourth quarter valued at $32,000. Institutional investors own 3.50% of the company’s stock.

Analysts Set New Price Targets

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