Box Inc (NYSE: BOX) Stock Increased 0.73% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Box Inc (NYSE:BOX) does about 2.47M shares in volume on a normal day but saw 1321599 shares change hands in Friday’s trading. The company now has a market cap of 3.80B USD. Its current market price is $26.33, marking an increase of 1.04% compared to the previous close of $26.06. The 52 week high reached by this stock is $31.94 whilst the lowest price level in 52 weeks is $23.29.

Box Inc (BOX) has a 20-day trading average at $26.53 and the current price is -17.56% off the 52-week high compared with 13.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $27.66 and its 200-day simple moving average is $26.63. If we look at the stock’s price movements over the week, volatility stands at 1.48%, which increases to 1.90% 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 42.92 to suggest the stock is neutral.

The consensus objective for the share price is $31.57, suggesting that the stock has a potential upside of 16.6% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 15, 2023 when UBS initiated the stock to “Buy” and issued a price target of $36. RBC Capital Mkts downgraded its price target at $28-$24.

Box Inc (BOX) stock is up 0.73% over the week and -3.52% over the past month. Its price is 2.81% year-to-date and -2.84% over the past year.

To reach the target analysts have set, the stock logically needs to grow 16.6 percent from here.

The company has a return on investment of 18.85% and return on equity of 949.74%. The price to earnings ratio (P/E ratio) amounts to 38.97 while the forward price to earnings ratio is 14.64. The beta has a value of 0.83. Price to sales ratio is 3.66.