Boxed Inc. (NYSE:BOXD) saw an upside of 18.87% to close Monday at $0.56 after adding $0.09 on the day. The 5-day average trading volume is 6,612,600 shares of the company’s common stock. It has gained $0.7340 in the past week and touched a new high 2 times within the past 5 days. An average of 4,058,870 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,277,362.
BOXD’s 1-month performance is 174.68% or $0.3547 on its low of $0.1830 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.18 and high of $12.45, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, BOXD has achieved 188.35% or $0.3671 and has reached a new high 7 times. However, the current price is down -95.49% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.25.
Boxed Inc.’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.30. The firm’s gross profit as reported stood at $31.88 million against revenue of $177.27 million.
For the quarterly period ending September 29 this year, Boxed Inc.’s cash and short-term investments amounted to $3.99 million against total debt of $136.79 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 122.86% to -$26.38 million, while revenue of -$31.82 million was -20.62% off the previous quarter. Analysts expected BOXD to announce -$0.27 per share in earnings in its latest quarter, but it posted -$0.37, representing a -37.00% surprise. EBITDA for the quarter stood at more than -$20.05 million. BOXD stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 189.49 million, with total debt at $136.79 million. Shareholders hold equity totaling $72.66 million.
Let’s look briefly at Boxed Inc. (BOXD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.55% to suggest the stock is trending Neutral, with historical volatility in this time period at 253.58%.
The stock’s 5-day moving average is $0.5280, reflecting a -11.80% or -$0.0752 change from its current price. BOXD is currently trading +159.23% above its 20-day SMA, -50.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.88% and SMA200 by-94.60%.
Stochastic %K and %D was 62.75% and 64.02% and the average true range (ATR) pointed at 0.1118. The RSI (14) points at 61.06%, while the 14-day stochastic is at 67.49% with the period’s ATR at 0.0967. The stock’s 9-day MACD Oscillator is pointing at -0.0326 and 0.0470 on the 14-day charts.
In the most recent analyst report for Boxed Inc. (NYSE: BOXD), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for BOXD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BOXD as a “sell,”, while 2 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 BOXD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.70 and a high of $4.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Boxed Inc. (BOXD) stock is $2.23.