As of Friday close, Box Inc.’s (NYSE:BOX) stock was down -$0.41, moving down -1.68 percent to $24.06. The average number of shares traded per day over the past five days has been 1,601,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.94 fall in that time frame. In the last twenty days, the average volume was 2,259,530, while in the previous 50 days, it was 1,539,678.
Since last month, BOX stock retreated -20.41%. Shares of the company fell to $23.99 on 09/22/23, the lowest level in the past month. A 52-week high of $34.98 was reached on 02/09/23 after having rallying from a 52-week low of $24.00. Since the beginning of this year, BOX’s stock price has dropped by -22.71% or -$7.07, and marked a new high 6 times. However, the stock has declined by -31.22% since its 52-week high.
BOX stock investors should be aware that Box Inc. (BOX) stock had its last reported insider trading activity 12 days ago on Sep 11. Smith Dylan C, the Chief Financial Officer of the company, disposed of 13,000 shares for $25.88 on Sep 11. It resulted in a $336,479 divestment by the insider. Levie Aaron sold 10,000 shares at an average price of $25.70 on Sep 11. The insider now owns 3,068,653 shares following the transaction. On Aug 10, Chief Financial Officer Smith Dylan C sold 13,000 shares at $30.65 apiece. The transaction was valued at $398,398.
Valuation Metrics
Right now, Box Inc. (BOX) has a P/E ratio of about 130.05. The stock’s beta is 1.04.
Financial Health
In the three months ended July 30, Box Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 75.10% percent. In the year ended July 30, EBITDA margin amounted to 10.38%, whereas operating margins totaled 5.00%. Based on annual data, BOX earned $738.32 million in gross profit and brought in $990.87 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -23.30%. Return on equity (ROE) for the past 12 months was -5.50%.
In Box Inc.’s quarter-end financial report for July 30, it reported total debt of $369.82 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BOX’s revenue rose 8.79% to $139.93 million during the quarter, while net income inched up to $261.42 million. While analysts expected Box Inc. to report $0.35 quarterly earnings, the actual figure was $0.36 per share, beating the consensus estimate by 2.90%. During the quarter, the company generated $35.07 million in EBITDA. The liabilities of Box Inc. were 1.61 billion at the end of its most recent quarter ended July 30, and its total debt was $539.5 million. The value of shareholders’ equity is $144.05 million.
Technical Picture
This quick technical analysis looks at Box Inc.’s (BOX) price momentum. With a historical volatility rate of 15.60%, the RSI 9-day stood at 18.40% on 22 September.
With respect to its five-day moving average, the current Box Inc. price is down by -3.76% percent or -$0.94. At present, BOX shares trade -20.17% below its 20-day simple moving average and -8.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.86% below its SMA50 and -14.56% below its SMA200.
Stochastic coefficient K was 7.32% and Stochastic coefficient D was 7.19%, while ATR was 0.59. Given the Stochastic reading of 2.78% for the 14-day period, the RSI (14) reading has been calculated as 20.42%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.74.
Analyst Ratings
Box Inc. downgraded its rating on Box Inc. (NYSE: BOX) to a Hold in a note to investors on August 30, 2023. The analysts firm previously had a Buy rating on the stock.Box Inc. (BOX) has been rated Overweight by analysts. According to 1 brokerage firm, BOX is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Box Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $33.00, the current consensus forecast for the stock is $21.00 – $35.00. Based on these forecasts, analysts predict Box Inc. (BOX) will achieve an average price target of $31.67.
