What Technical Indicators Show About Boxed Inc. (BOXD)?

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Boxed Inc. (NYSE:BOXD) traded with a subtraction of -$0.08 to $0.93 on Thursday, a downside of -8.41 percent. An average of 1,869,454 shares of common stock have been traded in the last five days. There was a fall of -$0.0092 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,683,143 shares traded, while the 50-day average volume stands at 2,944,665.

BOXD stock has decreased by -18.55% in the last month. The company shares reached their 1-month lowest point of $0.8907 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.90 and a high of $17.05 in 52 weeks. It has reached a new high 1 time so far this year and lost -92.63% or -$12.7692 in price. In spite of this, the price is down -94.57% from the 52-week high.


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Financial Health

The quick ratio of Boxed Inc. for the three months ended March 30 was 1.30, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $31.88 million compared to revenue of $177.27 million.

Earnings Surprise

For the three-month period that ended March 30, Boxed Inc. had $6.96 million in cash and short-term investments compared to $43.49 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$31.82 million in the quarter, while revenues of -$36.21 million were grew 80.33%. The analyst consensus anticipated Boxed Inc.’s latest quarter earnings to come in at -$0.41 per share, but it turned out to be -$0.54, a -31.70% surprise. For the quarter, EBITDA amounted to -$26.46 million. Shareholders own equity worth $72.5 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Boxed Inc. (BOXD) price momentum. RSI 9-day as of the close on 21 September was 33.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 109.50%.

As of today, BOXD’s price is $0.9898 -0.98% or -$0.0092 from its 5-day moving average. BOXD is currently trading -23.70% lower than its 20-day SMA and -91.88% lower than its 100-day SMA. However, the stock’s current price level is -50.75% below the SMA50 and -89.35% below the SMA200.

The stochastic %K and %D were 44.19% and 48.16%, respectively, and the average true range (ATR) was 0.0991. With the 14-day stochastic at 18.29% and the average true range at 0.1156, the RSI (14) stands at 33.76%. The stock has reached 0.0028 on the 9-day MACD Oscillator while the 14-day reading was at -0.0114.

Analyst Ratings

Citigroup downgraded Boxed Inc. (NYSE: BOXD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Boxed Inc. (BOXD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BOXD, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is BOXD’s price target for the next 12 months?

Analysts predict a range of price targets between $2.00 and $6.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Boxed Inc. (BOXD) stock is $4.33.

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