The stock price of Box Inc (NYSE: BOX) has plunged by -0.06 when compared to previous closing price of 32.75, but the company has seen a 0.68% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-30 that MONTRÉAL, Sept. 30, 2024 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO) a world leader in haptic and immersive entertainment, has been recognized as one of Canada’s Top Growing Companies in The Globe and Mail’s 2024 Report on Business.
Is It Worth Investing in Box Inc (NYSE: BOX) Right Now?
Box Inc (NYSE: BOX) has a higher price-to-earnings ratio of 41.52x compared to its average ratio, The 36-month beta value for BOX is at 0.85. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BOX is 137.46M, and currently, shorts hold a 9.46% of that float. The average trading volume for BOX on October 01, 2024 was 2.11M shares.
BOX’s Market Performance
BOX’s stock has seen a 0.68% increase for the week, with a -0.64% drop in the past month and a 23.98% gain in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 2.09% for Box Inc The simple moving average for the past 20 days is -0.20% for BOX’s stock, with a 19.36% 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 9.44% 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 -3.59% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares surge +0.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.90% upper at present.
During the last 5 trading sessions, BOX rose by +0.68%, which changed the moving average for the period of 200-days by +33.48% in comparison to the 20-day moving average, which settled at $32.80. In addition, Box Inc saw 27.80% 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 Levie Aaron, who sale 10,000 shares at the price of $32.92 back on Sep 10 ’24. After this action, Levie Aaron now owns 3,009,155 shares of Box Inc, valued at $329,160 using the latest closing price.
Smith Dylan C, the Chief Financial Officer of Box Inc, sale 13,000 shares at $32.89 during a trade that took place back on Sep 10 ’24, which means that Smith Dylan C is holding 1,500,661 shares at $427,609 based on the most recent closing price.
Stock Fundamentals for BOX
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.77 for the gross margin
The net margin for Box Inc stands at 0.14. The total capital return value is set at 0.13. Equity return is now at value 3783.39, with 13.49 for asset returns.
Based on Box Inc (BOX), the company’s capital structure generated 1.97 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at -2.03. The interest coverage ratio of the stock is 11.38.
Currently, EBITDA for the company is 102.11 million with net debt to EBITDA at 5.26. When we switch over and look at the enterprise to sales, we see a ratio of 4.96. The receivables turnover for the company is 5.97for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In conclusion, Box Inc (BOX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
