Olenox Industries (NASDAQ:OLOX) Stock Price Up 4.4% – Still a Buy?

Olenox Industries Inc (NASDAQ:OLOX)’s stock price shot up 4.4% during mid-day trading on Tuesday . The company traded as high as $1.20 and last traded at $1.19. 444,489 shares were traded during mid-day trading, a decline of 87% from the average session volume of 3,310,196 shares. The stock had previously closed at $1.14.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Olenox Industries in a report on Tuesday, March 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Olenox Industries Trading Up 4.4%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18. The company has a market capitalization of $7.35 million, a P/E ratio of -0.02 and a beta of 1.99. The company’s fifty day simple moving average is $1.52 and its 200-day simple moving average is $3.37.

Institutional Trading of Olenox Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its holdings in shares of 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 acquiring an additional 39,576 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Olenox Industries in the fourth quarter valued at about $73,000. Jane Street Group LLC bought a new position in Olenox Industries in the fourth quarter worth about $70,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Olenox Industries during the fourth quarter valued at about $32,000. Institutional investors own 3.50% of the company’s stock.

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.