The stock of Box Inc. (NYSE:BOX) increased by $0.27 on Tuesday to finish at $30.80, up 0.88 percent. The last five days have seen an average of 1,429,020 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.33. The average number of shares traded over the last 20 days was 1,072,320, while the average volume over the last 50 days totaled 1,229,194.
BOX stock dropped -1.44% since last month. On 08/18/23, the company’s shares reached a one-month low of $29.89. The stock touched a high of $34.98 on 02/09/23, after rallying from a low of $24.00 in 52 weeks. The price of BOX stock has declined by -1.06% or -$0.33 this year, reaching a new high 6 times. Still, the stock price is down -11.95% from the 52-week high.
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Insider Transactions
BOX stock investors should be aware that Box Inc. (BOX) stock had its last reported insider trading activity 20 days ago on Aug 10. On Aug 10, Chief Financial Officer Smith Dylan C sold 13,000 shares at $30.65 each. This transaction resulted in the insider making $398,398. On Jul 10, Smith Dylan C sold 13,000 shares at a price of US$28.39. After the transaction, the insider now owns 1,533,165 shares. VP Chief Acct Ofr & Controller Berkovitch Eli had earlier sold 3,000 shares on Jul 10 for $28.72 a share. The transaction was completed for $86,172.
Valuation Metrics
Box Inc. (BOX) has a trailing price-to-earnings (P/E) ratio of 240.62. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.39.
Financial Health
For the three months ended April 29, Box Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 74.90% percent. Based on annual data, it had gross profit of $738.32 million and revenue of $990.87 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -23.30% return on investment (ROI) in the past year.
Earnings Surprise
According to Box Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $139.93 million, while revenues fell by -0.01% to $249.95 million. It was predicted that Box Inc.’s quarterly earnings would be $0.32, but it ended up being $0.27, beating the consensus by 18.50%. EBITDA was $34.99 million for the quarter. At the end of Box Inc.’s most recent quarter ended April 29, its liabilities totaled 1.62 billion, while its total debt was $521.8 million. Equity owned by shareholders amounts to $144.83 million.
Technical Picture
Here’s a quick look at Box Inc.’s (BOX) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 63.01%, suggesting the stock is Neutral, with a 13.86% historical volatility rate.
The stochastic %K and %D were 65.39% and 47.50% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 83.56%, the RSI (14) reading is 58.17%. On the 9-day MACD Oscillator, the stock is at 0.30, and the 14-day reading is at 0.28.
Analyst Ratings
Box Inc. (NYSE: BOX) was downgraded by RBC Capital Mkts to a an Underperform rating in its latest research report. The stock was previously rated as a a Sector perform. Analysts have assigned Box Inc. (BOX) an Overweight rating. BOX is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is BOX’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $37.00, with a median target price of $34.50. In analyzing these forecasts, the average price target given by analysts for Box Inc. (BOX) is $33.20.
