The stock of Box Inc (NYSE: BOX) has increased by 0.44 when compared to last closing price of 31.86. Despite this, the company has experienced a -2.23% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-17 that Dublin, Oct. 17, 2024 (GLOBE NEWSWIRE) — The “Global ESD Stackable Box Market (2024 Edition): Market Size, Trends, Opportunities and Forecast By End-User, Material, Product Type, Region, By Country: 2020-2030” report has been added to ResearchAndMarkets.com’s offering. ESD Stackable Box Market was valued at USD 210.32 Million and is expected to grow at a CAGR of 3.76% during 2025-2030. The ESD (Electrostatic Discharge) Stackable Box market has experienced significant growth due to the increasing demand for safe and efficient storage solutions for sensitive electronic components, advancements in packaging materials, and the rising focus on protecting electronic devices from static electricity. ESD stackable boxes are designed to prevent the buildup and discharge of static electricity, which can damage electronic components. The market is driven by the growing demand for safe storage and transportation of electronics in various industries, including semiconductor, electronics manufacturing, and aerospace. One of the primary drivers of the ESD Stackable Box market is the increasing production and use of electronic devices. As the electronics industry continues to grow, there is a corresponding need for safe and reliable packaging solutions that protect sensitive components from electrostatic discharge. ESD stackable boxes provide an ideal solution by offering a controlled environment that minimizes the risk of static electricity. Asia Pacific represents the largest market for ESD Stackable Boxes, driven by a strong electronics manufacturing sector, advanced technology infrastructure, and stringent regulations regarding ESD protection. The United States is a key market, with a high demand for ESD-safe packaging solutions in various industries. Global ESD Stackable Box Market: Historic and Forecast
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 40.60x. The 36-month beta value for BOX is also noteworthy at 0.85. 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 137.38M, and at present, short sellers hold a 10.84% of that float. The average trading volume of BOX on October 23, 2024 was 2.14M shares.
BOX’s Market Performance
BOX stock saw a decrease of -2.23% in the past week, with a monthly decline of -1.57% and a quarterly a decrease of 20.26%. The volatility ratio for the week is 1.72%, and the volatility levels for the last 30 days are 1.76% for Box Inc (BOX). The simple moving average for the past 20 days is -0.94% for BOX’s stock, with a 14.28% 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 1.27% 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 -5.74% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -1.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.00% upper at present.
During the last 5 trading sessions, BOX fell by -2.23%, which changed the moving average for the period of 200-days by +29.71% in comparison to the 20-day moving average, which settled at $32.30. In addition, Box Inc saw 24.95% 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 $32.52 back on Oct 10 ’24. After this action, Smith Dylan C now owns 1,474,509 shares of Box Inc, valued at $422,812 using the latest closing price.
Smith Dylan C, the Officer of Box Inc, proposed sale 13,000 shares at $32.52 during a trade that took place back on Oct 10 ’24, which means that Smith Dylan C is holding shares at $422,807 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 4.86. 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 summary, Box Inc (BOX) has had a mixed 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.
