Box Inc. (NYSE:BOX) finished Friday with a subtraction of -$0.02 to close at $30.36, a downside of -0.07 percent. An average of 926,760 shares of common stock have been traded in the last five days. There was a fall of -$0.22 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,118,330 shares traded, while the 50-day average volume stands at 1,380,278.
BOX stock has decreased by -0.13% in the last month. The company shares reached their 1-month lowest point of $29.41 on 07/12/23. With the stock rallying to its 52-week high on 02/09/23, shares of the company touched a low of $24.00 and a high of $34.98 in 52 weeks. It has reached a new high 6 times so far this year and lost -2.47% or -$0.77 in price. In spite of this, the price is down -13.21% from the 52-week high.
Insider Transactions
BOX stock investors should be aware that Box Inc. (BOX) stock had its last reported insider trading activity 33 days ago on Jul 10. In this transaction, the insider spent $369,005. VP Chief Acct Ofr & Controller, Berkovitch Eli, disposed of 3,000 shares at a price of $28.72 on Jul 10. The insider now owns more than $86,172 worth of shares. Prior to that, Chief Executive Officer Levie Aaron went on to Sale 10,000 shares at $29.20 each on Jun 29. An amount of $291,980 was transacted.
Valuation Metrics
Box Inc. (BOX) has a trailing price-to-earnings (P/E) ratio of 237.19. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.35.
Financial Health
The quick ratio of Box Inc. for the three months ended April 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Box Inc.’s EBITDA margin for the year ending April 29 is 10.38%. Its gross profit as reported stood at $738.32 million compared to revenue of $990.87 million.
Earnings Surprise
For the three-month period that ended April 29, Box Inc. had $32.78 million in cash and short-term investments compared to $369.35 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 -$46.68 million in the quarter, while revenues of $4.98 million were grew 89.01%. The analyst consensus anticipated Box Inc.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.32, a 18.50% surprise. For the quarter, EBITDA amounted to $34.99 million. Shareholders own equity worth $144.83 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Box Inc. (BOX) price momentum. RSI 9-day as of the close on 11 August was 45.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.79%.
As of today, BOX’s price is $30.55 -0.72% or -$0.22 from its 5-day moving average. BOX is currently trading -0.95% lower than its 20-day SMA and +17.36% higher than its 100-day SMA. However, the stock’s current price level is +7.77% above the SMA50 and +7.81% above the SMA200.
The stochastic %K and %D were 14.31% and 21.20%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 14.13% and the average true range at 0.57, the RSI (14) stands at 49.91%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
RBC Capital Mkts downgraded Box Inc. (NYSE: BOX) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Box Inc. (BOX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BOX, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is BOX’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $37.00, with a median target of $34.50. Taking a look at these predictions, the average price target given by analysts for Box Inc. (BOX) stock is $33.20.
