Boxlight Corporation (NASDAQ:BOXL) does about 17.39M shares in volume on a normal day but saw 10047251 shares change hands in Monday trading. The company now has a market cap of 86.29M USD. Its current market price is $1.70, marking an increase of 7.59% compared to the previous close of $1.58. The 52 week high reached by this stock is $4.65 whilst the lowest price level in 52 weeks is $0.33. The script in recent trading has seen the stock touch a high of $1.86 and a low of $1.65.
Boxlight Corporation (BOXL) has a 20-day trading average at $1.9740 and the current price is -63.44% off the 52-week high compared with 415.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8987 and its 200-day simple moving average is $1.2206. If we look at the stock’s price movements over the week, volatility stands at 10.46%, which decreases to 10.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.78 to suggest the stock is neutral.
4 analysts observing the Boxlight Corporation (BOXL) stock have set the 12-month price targets for the company’s shares at between $2.75 and $6.00. The median price target is 51.43% away from the current levels at $3.50.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 19, 2020 when National Securities upgraded the stock to “Buy” and issued a price target of . National Securities downgraded the stock to “Neutral” from Buy on March 23, 2020 at a price target of . National Securities initiated its price target at $4.
The current price level is -14.94%, -9.61%, and 39.27% away from its SMA20, SMA50, and SMA200 respectively, with the BOXL price moving above the 50-day SMA on August 31. Boxlight Corporation (BOXL) stock is up 4.94% over the week and -21.30% over the past month. Its price is 53.15% year-to-date and -23.77% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.08 below consensus estimates by -$0.03. The company’s next earnings report is expected on 11/17/2020, with forecasts estimating quarterly EPS at -$0.02 and -$0.24 for whole year. BOXL’s earnings per share are forecast to grow by 72.70% this year and 58.30% over next year. Expected sales for next quarter are $5.83 million, which analysts say will come at $30.15 million for the current fiscal year and next year at $38.17 million. In addition, estimates put the company’s current quarterly revenue at an average of $10.76 million.
Its 12-month price target is $3.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.75, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $6.00.
Outstanding shares total 50.12M with insiders holding 46.76% of the shares and institutional holders owning 5.02% of the company’s common stock. The company has a return on investment of -141.80% and return on equity of -210.30%. Price to book ratio is 2.79 and price to sales ratio is 2.83.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Boxlight Corporation (BOXL) to 932,979 shares, mirroring a recent increase by 246.86%. Vanguard Total Stock Market Index added 0.66 million shares of Boxlight Corporation common stock bringing its total worth to about $2.02 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 0.15 million shares to end up with 215,643 shares worth $0.47 million.