Waldencast (NASDAQ:WALD – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.28), FiscalAI reports. The business had revenue of $13.05 million for the quarter, compared to the consensus estimate of $65.37 million.
Waldencast Stock Performance
NASDAQ:WALD opened at $1.06 on Tuesday. Waldencast has a one year low of $0.72 and a one year high of $3.22. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $1.37 and a 200 day moving average price of $1.38.
Analysts Set New Price Targets
A number of analysts have recently commented on WALD shares. Canaccord Genuity Group boosted their target price on shares of Waldencast from $2.00 to $3.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Waldencast from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.33.
Waldencast Company Profile
Waldencast plc is a global beauty and wellness company that develops, acquires and operates consumer brands across skincare, cosmetics and related personal-care categories. Its portfolio has included Obagi Skincare, a dermatologist-focused skincare brand, and Milk Makeup, a color cosmetics brand known for makeup and skincare products.
The company’s products are designed for distribution through professional, specialty, mass-market and e-commerce channels. Waldencast serves consumers in multiple international markets through retail partners, digital commerce and professional skincare channels, although the availability of individual brands and products can vary by geography.
Waldencast was established as a beauty-focused platform and became a publicly traded company on Nasdaq in 2022 through a business combination with a special purpose acquisition company.
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