Box Inc (NYSE:BOX) shares, rose in value on Thursday, November 21, with the stock price up by 1.03% to the previous day’s close as strong demand from buyers drove the stock to $33.51.
Actively observing the price movement in the last trading, the stock closed the session at $33.17, falling within a range of $33.25 and $33.5898. The value of beta (5-year monthly) was 0.852 whereas the PE ratio was 42.51 over 12-month period. Referring to stock’s 52-week performance, its high was $35.07, and the low was $23.29. On the whole, BOX has fluctuated by 4.82% over the past month.
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With the market capitalization of Box Inc currently standing at about $4.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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.
The stock’s technical analysis shows that the PEG ratio is about 2.13, with the price of BOX currently trading nearly 1.04% and 2.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.41, while the 7-day volatility ratio is showing 1.99% which for the 30-day chart, stands at 1.92%. Furthermore, Box Inc (BOX)’s beta value is 0.85, and its average true range (ATR) is 0.67.
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 1.03% in last session, and over the past year, it grew by 28.93%%.
Data on historical trading for Box Inc (NYSE:BOX) indicates that the trading volumes over the past 10 days have averaged 1.67 and over the past 3 months, they’ve averaged 2.23 million. According to company’s latest data on outstanding shares, there are 144.35 million shares outstanding.
Nearly 4.06% of Box Inc’s shares belong to company insiders and institutional investors own 99.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.66 million shares as on 2024-10-31, resulting in a short ratio of 11.34. According to the data, the short interest in Box Inc (BOX) stood at 1700.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 14.89 million. The stock has risen by 30.85% 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.
