Boxlight Corporation (NASDAQ:BOXL) traded at $0.94 at last check on Monday, June 29, making an upward move of 17.09% on its previous day’s price.
Looking at the stock we see that its previous close was $0.8011 and the beta (5Y monthly) reads 3.87 with the day’s price range being $0.8800 – 1.0320. In terms of its 52-week price range, BOXL has a high of $3.08 and a low of $0.33. The company’s stock has gained about -12.93% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.89 Million, with a low of $7.21 Million and a high of $8.8 Million. The median projection represents growth adding up to -28.9% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $29.88 Million, or -9.5% down from figures reported last year.
On the other hand, looking at the outlook for the BOXL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 4 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Boxlight Corporation (BOXL) stock as a Hold, while 4 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the BOXL stock currently stands at 0, and the current price level is 9.84% off its SMA20 and 14.28% from its 50-day simple moving average. The RSI (14) is pointing at 55.77 while the volatility over the past week is 10.43% and jumps to 14.66% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.16. The average price target for the stock over the next 12 months is $1.94, with the estimates having a low of $1.75 and a high of $2. These price ends are 86.17% and +112.77% off the current price level respectively, although investors could be excited at the prospect of a +112.77% if the BOXL share price touches on the median price of $2.
Let’s briefly compare Boxlight (BOXL) stock to its peers. We find that today’s price change of +17.09% and -72.75% over the past 12 months for BOXL competes that of Spotify Technology S.A. (SPOT), which has seen its stock price rise 0.51% in the latest trading session and is +84.96% over the last one year. Another of its peers Thomson Reuters Corp (TRI) has climbed 0.87% today, and is +3.77% up over the past year, while Docusign Inc (DOCU) is also up 17.09% yet its price remains in the red at -72.75% over the same period. Spotify has a P/E ratio of 0 compared to Boxlight’s 0 and Thomson’s 74.55. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to Boxlight Corporation (NASDAQ:BOXL), we note that the average 3-month trading volume was 2.49 Million, while that of the preceding 10-day period stands at 4.07 Million. Current shares outstanding are 30.32 Million.
According to data from Thomson Reuters, insiders hold 46.76% of the company’s shares while institutions hold 5.02%. The data shows that short shares as of June 14, 2020, stood at 273.35 Million at a short ratio of 0.09. This represents a 0.97% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 11.6 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -27.83% down in year-to-date price movement.