Box Inc (BOX) Stock Experiences 6.74% Monthly Change

In the past week, BOX stock has gone up by 0.35%, with a monthly gain of 6.74% and a quarterly surge of 10.62%. The volatility ratio for the week is 1.14%, and the volatility levels for the last 30 days are 2.23% for Box Inc. The simple moving average for the past 20 days is -1.84% for BOX’s stock, with a 4.73% simple moving average for the past 200 days.

Is It Worth Investing in Box Inc (NYSE: BOX) Right Now?

The price-to-earnings ratio for Box Inc (NYSE: BOX) is above average at 41.93x. The 36-month beta value for BOX is also noteworthy at 0.84. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BOX is 138.39M, and at present, short sellers hold a 7.84% of that float. The average trading volume of BOX on April 03, 2024 was 2.43M shares.

BOX) stock’s latest price update

Box Inc (NYSE: BOX)’s stock price has gone decline by -0.74 in comparison to its previous close of 28.54, however, the company has experienced a 0.35% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-03-23 that BOX appears to have seen a turnaround in revenue growth, with calculated billings and remaining performance obligations showing acceleration. The rollout of Box AI and a focus on channel partnerships are expected to drive further growth acceleration. The growth targets set by management are achievable within the next 5 years.

Analysts’ Opinion of BOX

Many brokerage firms have already submitted their reports for BOX stocks, with UBS repeating the rating for BOX by listing it as a “Buy.” The predicted price for BOX in the upcoming period, according to UBS is $36 based on the research report published on December 15, 2023 of the previous year 2023.

RBC Capital Mkts gave a rating of “Underperform” to BOX, setting the target price at $24 in the report published on January 10th of the previous year.

BOX Trading at 3.84% from the 50-Day Moving Average

After a stumble in the market that brought BOX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.30% of loss for the given period.

Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 1.14%, as shares surge +1.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.01% upper at present.

During the last 5 trading sessions, BOX rose by +0.35%, which changed the moving average for the period of 200-days by -4.93% in comparison to the 20-day moving average, which settled at $28.89. In addition, Box Inc saw 10.62% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BOX starting from EVAN DANA L, who sale 11,000 shares at the price of $28.47 back on Mar 28 ’24. After this action, EVAN DANA L now owns 116,535 shares of Box Inc, valued at $313,137 using the latest closing price.

LEVIN DANIEL J, the Director of Box Inc, sale 70,000 shares at $28.33 during a trade that took place back on Mar 27 ’24, which means that LEVIN DANIEL J is holding 0 shares at $1,983,310 based on the most recent closing price.

Stock Fundamentals for BOX

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.75 for the gross margin

The net margin for Box Inc stands at 0.12. The total capital return value is set at 0.09. Equity return is now at value 949.74, with 10.54 for asset returns.

Based on Box Inc (BOX), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 6.52. The interest coverage ratio of the stock is 4.29.

Currently, EBITDA for the company is 102.11 million with net debt to EBITDA at 1.05. When we switch over and look at the enterprise to sales, we see a ratio of 4.04. The receivables turnover for the company is 3.69for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.

Conclusion

In summary, Box Inc (BOX) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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