The stock of Box Inc. (NYSE:BOX) decreased by -$0.42 on Tuesday to finish at $24.50, down -1.69 percent. The last five days have seen an average of 1,705,520 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$6.63. The average number of shares traded over the last 20 days was 2,123,385, while the average volume over the last 50 days totaled 1,531,982.
BOX stock dropped -18.82% since last month. On 09/19/23, the company’s shares reached a one-month low of $24.42. 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 -21.30% or -$6.63 this year, reaching a new high 6 times. Still, the stock price is down -29.96% 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 9 days ago on Sep 11. On Sep 11, Chief Financial Officer Smith Dylan C sold 13,000 shares at $25.88 each. This transaction resulted in the insider making $336,479. On Sep 11, Levie Aaron sold 10,000 shares at a price of US$25.70. After the transaction, the insider now owns 3,068,653 shares. Chief Financial Officer Smith Dylan C had earlier sold 13,000 shares on Aug 10 for $30.65 a share. The transaction was completed for $398,398.
Valuation Metrics
Box Inc. (BOX) has a trailing price-to-earnings (P/E) ratio of 132.43. Beta for the stock is 1.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.50, and the price-to-cash flow ratio of 11.94.
Financial Health
For the three months ended July 30, 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 75.10% percent. Box Inc.’s EBITDA margin for the year ended July 30 was 10.38%, whereas its operating margin stood at 5.00% for the same period. 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. BOX’s return on assets (ROA) during the last 12 months has been 2.70%. There was a -23.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.50%.
Earnings Surprise
According to Box Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $261.42 million, while revenues rose by 8.79% to $139.93 million. It was predicted that Box Inc.’s quarterly earnings would be $0.36, but it ended up being $0.35, beating the consensus by 2.90%. EBITDA was $35.07 million for the quarter. At the end of Box Inc.’s most recent quarter ended July 30, its liabilities totaled 1.61 billion, while its total debt was $539.5 million. Equity owned by shareholders amounts to $144.05 million.
Technical Picture
Here’s a quick look at Box Inc.’s (BOX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 10.62%, suggesting the stock is oversold, with a 7.60% historical volatility rate.
The stochastic %K and %D were 1.91% and 2.39% respectively, while the average true range (ATR) was 0.56. Based on the 14-day stochastic reading of 2.02%, the RSI (14) reading is 16.29%. On the 9-day MACD Oscillator, the stock is at -0.49, and the 14-day reading is at -0.90.
Analyst Ratings
Box Inc. (NYSE: BOX) was downgraded by Craig Hallum to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Box Inc. (BOX) an Overweight rating. BOX is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 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 $35.00, with a median target price of $33.00. In analyzing these forecasts, the average price target given by analysts for Box Inc. (BOX) is $31.67.
