Box, Inc. (NYSE:BOX) shares, rose in value on Wednesday, Apr 07, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $24.27.
Actively observing the price movement in the last trading, the stock closed the session at $24.11, falling within a range of $23.81 and $24.33. The value of beta (5-year monthly) was 1.33 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $26.47, and the low was $14.43. On the whole, BOX has fluctuated by 28.62% over the past month.
With the market capitalization of Box, Inc. currently standing at about $3.71 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 25, 2021- May 31, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.17, which is expected to increase to $0.7 for fiscal year 2021 and then to about $1 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0.14% in 2021, while the next year’s EPS growth is forecast to be 0.25%.
We see that BOX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
11 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 6 recommend it as a Buy and 1 called the BOX stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BOX currently trading nearly 6.44% and 20.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.89, while the 7-day volatility ratio is showing 3.19% which for the 30-day chart, stands at 5.56%. Furthermore, Box, Inc. (BOX)’s beta value is 1.33, and its average true range (ATR) is 1.09. The company’s stock has been forecasted to trade at an average price of $25.13 over the course of the next 52 weeks, with a low of $19 and a high of $28. Based on these price targets, the low is -21.71 off current price, whereas the price has to move +15.37% to reach the yearly target high. Additionally, analysts’ median price of $26 is likely to be welcomed by investors because it represents an increase of +7.13% from the current levels.
A comparison of Box, Inc. (BOX) with its peers suggests the former has fared considerably weaker in the market. BOX showed an intraday change of +0.66% in last session, and over the past year, it grew by +58.21%. In comparison, Paypal Holdings (PYPL) has moved higher at +0.95% on the day and was up +151.4% over the past 12 months. On the other hand, the price of Square (SQ) has risen 3.64% on the day. The stock, however, is off 386.16% from where it was a year ago. Additionally, there is a gain of 66% for Zoom Video Communications Cl A (ZM) in last trading while the stock has seen an overall apprecation of 58.21% over the past year. The PE ratio stands at 0 for Box, Inc., compared to 72.24 for Paypal Holdings, and 851.11 for Square. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Data on historical trading for Box, Inc. (NYSE:BOX) indicates that the trading volumes over the past 10 days have averaged 3.1 Million and over the past 3 months, they’ve averaged 3.64 Million. According to company’s latest data on outstanding shares, there are 159.86 Million shares outstanding.
Nearly 2.89% of Box, Inc.’s shares belong to company insiders and institutional investors own 83.05% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 11.96 Million shares as on March 14, 2021, resulting in a short ratio of 2.96. According to the data, the short interest in Box, Inc. (BOX) stood at 7.48% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 10.12 Million. The stock has risen by +34.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BOX stock heading into the next quarter.