Olenox Industries (NASDAQ:OLOX) Issues Earnings Results

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

Olenox Industries Stock Performance

OLOX stock traded up $0.04 during trading on Friday, hitting $4.79. The company had a trading volume of 7,300 shares, compared to its average volume of 320,408. The firm has a market cap of $6.23 million, a PE ratio of -0.01 and a beta of 1.64. Olenox Industries has a 1-year low of $4.10 and a 1-year high of $437.06. The firm has a 50-day moving average price of $5.92 and a 200-day moving average price of $9.23. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP acquired a new position in shares of Olenox Industries in the fourth quarter valued at approximately $32,000. Jane Street Group LLC acquired a new stake in shares of Olenox Industries during the fourth quarter worth $70,000. Schonfeld Strategic Advisors LLC purchased a new position in Olenox Industries in the 4th quarter valued at $73,000. Finally, XTX Topco Ltd grew its position 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 buying an additional 39,576 shares during the last quarter. 3.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Olenox Industries in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Olenox Industries presently 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.