The price-to-earnings ratio for Box Inc (NYSE: BOX) is above average at 39.33x, Company’s 36-month beta value is 0.84.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BOX is 139.57M, and currently, short sellers hold a 7.73% ratio of that floaft. The average trading volume of BOX on August 27, 2024 was 1.63M shares.
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BOX) stock’s latest price update
Box Inc (NYSE: BOX)’s stock price has soared by 0.67 in relation to previous closing price of 28.47. Nevertheless, the company has seen a gain of 1.09% in its stock price over the last five trading days. invezz.com reported 2024-08-23 that American stocks rose for the third consecutive week as focus shifted to macro events. The Federal Reserve published minutes of the last meeting on Wednesday while Jerome Powell will talk at the Jackson Hole Symposium on Friday.
BOX’s Market Performance
BOX’s stock has risen by 1.09% in the past week, with a monthly rise of 2.25% and a quarterly rise of 13.42%. The volatility ratio for the week is 1.28% while the volatility levels for the last 30 days are 1.87% for Box Inc. The simple moving average for the past 20 days is 3.53% for BOX’s stock, with a 7.72% simple moving average for the past 200 days.
Analysts’ Opinion of BOX
Many brokerage firms have already submitted their reports for BOX stocks, with Morgan Stanley repeating the rating for BOX by listing it as a “Equal-Weight.” The predicted price for BOX in the upcoming period, according to Morgan Stanley is $32 based on the research report published on May 22, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see BOX reach a price target of $36. The rating they have provided for BOX stocks is “Buy” according to the report published on December 15th, 2023.
BOX Trading at 6.94% 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 -7.37% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +3.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.74% upper at present.
During the last 5 trading sessions, BOX rose by +1.09%, which changed the moving average for the period of 200-days by +13.10% in comparison to the 20-day moving average, which settled at $27.73. In addition, Box Inc saw 11.91% 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 Smith Dylan C, who sale 13,000 shares at the price of $27.05 back on Aug 09 ’24. After this action, Smith Dylan C now owns 1,513,661 shares of Box Inc, valued at $351,676 using the latest closing price.
Smith Dylan C, the Officer of Box Inc, proposed sale 13,000 shares at $27.05 during a trade that took place back on Aug 09 ’24, which means that Smith Dylan C is holding shares at $351,670 based on the most recent closing price.
Stock Fundamentals for BOX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.76 for the gross margin
The net margin for Box Inc stands at 0.13. The total capital return value is set at 0.1. Equity return is now at value 377.35, with 12.07 for asset returns.
Based on Box Inc (BOX), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.82. The debt to equity ratio resting at 4.19. The interest coverage ratio of the stock is 6.35.
Currently, EBITDA for the company is 102.11 million with net debt to EBITDA at 0.34. When we switch over and look at the enterprise to sales, we see a ratio of 4.0. The receivables turnover for the company is 7.34for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In a nutshell, Box Inc (BOX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
