Boxlight Corporation (NASDAQ:BOXL) traded at $1.14 at close of the session on current trade day and made a downward move of -32.14% on its previous day’s price.
Looking at the stock we see that its previous close was $1.68 and the beta (5Y monthly) reads 1.321 with the day’s price range being $1.05 – $1.35. In terms of its 52-week price range, BOXL has a high of $2.13 and a low of $0.30. The company’s stock has gained about 172.73% over that past 30 days.
Boxlight Corporation has a market cap of $11.21 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 32.07M, with a low of 27.17M and a high of 36.05M. The median projection represents growth adding up to -17.37% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 143.97M, or -18.54% 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.
Looking further, we note the current price level is 130.51% off its SMA20 and 141.15% from its 50-day simple moving average. The RSI (14) is pointing at 66.54 while the volatility over the past week is 84.29% and jumps to 28.50% over the past one month. The beta value is 1.45, while the average true range (ATR) is currently pointing at 0.19. The average price target for the stock over the next 12 months is $0.125, with the estimates having a low of $0.125 and a high of $0.125. These price ends are 89.04% and 89.04% off the current price level respectively, although investors could be excited at the prospect of a 89.04% if the BOXL share price touches on the median price of $0.125.
Coming back to Boxlight Corporation (NASDAQ:BOXL), we note that the average 3-month trading volume was 3.90 million, while that of the preceding 10-day period stands at 24.14 million. Current shares outstanding are 9.84 million.
The insiders hold 6.28% of the company’s shares while institutions hold 5.49%. The data shows that short shares as of 2024-10-31, stood at 52964.0 at a short ratio of 1.55. This represents a 57.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 58433.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 198.74% up in year-to-date price movement.
