Boxlight Corporation (NASDAQ:BOXL) saw a downside of -2.89% to close Thursday at $2.18 after subtracting -$0.07 on the day. The 5-day average trading volume is 1,066,318 shares of the company’s common stock. It has gained $2.40 in the past week and touched a new high 1 time within the past 5 days. An average of 1,411,370 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,042,964.
BOXL’s 1-month performance is -13.46% or -$0.39 on its low of $2.19 reached on 10/01/21. The company’s shares have touched a 52-week low of $1.29 and high of $3.80, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, BOXL has achieved 47.06% or $0.67 and has reached a new high 14 times. However, the current price is down -42.50%% from the 52-week high price.
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On Aug 26, 36 days have gone by since the last insider trading activity for Boxlight Corporation (BOXL). Elliott James Mark (Director) most recently sold 100,000 shares at $2.49 per share on Aug 26. This transaction cost the insider $249,000. Director, Strang Dale, sold 25,000 shares at a price of $2.03 on Aug 19. Then, on Jun 16, Director Crew Rudolph F. sold 3,600 shares at a price of $2.85 per share. This transaction amounted to $10,242.
Boxlight Corporation (BOXL) has a trailing price-to-earnings (P/E) ratio of 20.91 for the broader industry and 36.61 for the sector, meaning that investors are optimistic about the stock’s future prospects. BOXL stock has a beta of 3.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.14 while the price-to-book (PB) in the most recent quarter is 2.56.
Boxlight Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.50 meaning that BOXL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.37. In terms of profitability, the gross margin trailing 12 months is 22.20%The trailing 12-month EBITDA margin is -16.83% while for the period ending June 29; Boxlight Corporation’s operating margin was -12.00%. The firm’s gross profit as reported stood at $9.87 million against revenue of $54.89 million.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Boxlight Corporation’s return on assets over the past 12 months stands at -14.90%. Return on investment over the past year is -19.20%, while its return on equity (ROE) trailing 12 months is -44.40%. In comparison, the average ROE for the broader industry over the past year is 6.70.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BOXL to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.04, representing a 20.00% surprise. EBITDA for the quarter stood at more than $3.88 million. BOXL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 104.16 million, with total debt at $18.88 million. Shareholders hold equity totaling $59.86 million
Let’s look briefly at Boxlight Corporation (BOXL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 36.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.57%.
The stock’s 5-day moving average is $2.27, reflecting a -3.71% or -$0.09 change from its current price. BOXL is currently trading -17.42% above its 20-day SMA, -10.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.04% and +28.95% respectively.
Stochastic %K and %D was 8.70% and 14.83% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 41.74%, while the 14-day stochastic is at 4.90% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.09 on the 14-day charts.
In the most recent analyst report for Boxlight Corporation (NASDAQ: BOXL), National Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for BOXL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BOXL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is BOXL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.50 and a high of $7.00, with their median price target at $6.75. Looking at these predictions, the average price target given by analysts is for Boxlight Corporation (BOXL) stock is $6.75.