Olenox Industries (NASDAQ:OLOX) Posts Quarterly Earnings Results

Olenox Industries (NASDAQ:OLOX) announced its earnings results on Tuesday. The company reported $398.88 EPS for the quarter, FiscalAI reports. The business had revenue of $1.11 million for the quarter.

Olenox Industries Trading Down 5.9%

OLOX opened at $5.15 on Thursday. The company’s 50 day moving average is $6.02 and its 200-day moving average is $11.83. Olenox Industries has a 1-year low of $4.10 and a 1-year high of $437.06. The company has a market cap of $3.19 million, a P/E ratio of -0.01 and a beta of 1.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Olenox Industries in a research note 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”.

Hedge Funds Weigh In On Olenox Industries

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

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.