Boxlight Corporation (NASDAQ:BOXL) price closed higher on Monday, September 13, jumping 1.25% above its previous close.
A look at the daily price movement shows that the last close reads $2.40, with intraday deals fluctuated between $2.28 and $2.48. The company’s 5Y monthly beta was ticking 3.66. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.80 and 52-week low of $1.29. The stock added 25.91% on its value in the past month.
Boxlight Corporation, which has a market valuation of $149.64 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking BOXL have forecast the quarterly EPS to grow by 0.04 per share this quarter, while the same analysts predict the annual EPS to hit -$0.04 for the year 2021 and up to $0.04 for 2022. In this case, analysts estimate an annual EPS growth of 89.70% for the year and 200.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $60.04 million, with the likely lows of $60 million and highs of $60.09 million. Staying with the analyst view, there is a consensus estimate of $178.24 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 224.70% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BOXL a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned BOXL a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Boxlight Corporation (BOXL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BOXL’s price is at present 1.12% off the SMA20 and 10.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.80, with weekly volatility standing at 6.72%. The indicator jumps to 7.62% when calculated based on the past 30 days. Boxlight Corporation (NASDAQ:BOXL)’s beta value is holding at 3.66, while the average true range (ATR) indicator is currently reading 0.17. Considering analysts have assigned the stock a price target range of $6.50-$7.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.75. Based on this estimate, we see that current price is roughly -167.49% off the estimated low and -188.07% off the forecast high. Investors will no doubt be excited to see the share price fall to $6.75, which is the median consensus price, and at that level BOXL would be -177.78% from current price.
Turning out attention to how the Boxlight Corporation stock has performed in comparison to its peers in the industry, here’s what we find: BOXL’s stock is 1.25% on the day and 67.59% in the past 12 months, while Graham Holdings Company (GHC) traded 0.34% in the last session and was positioned 38.27% up on its price 12 months ago. Another comparison is with Houghton Mifflin Harcourt Company (HMHC) whose stock price was up 0.46% in the last trading session, and has flourished 512.96% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Boxlight Corporation (NASDAQ:BOXL) stock in terms of its daily trading volume indicates that the 3-month average is 3.04 million.
Current records show that the company has 57.87M in outstanding shares. The insiders’ percentage holdings are 3.30% of outstanding shares while the percentage share held by institutions stands at 13.90%. But the 58.82% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.