Boxlight Corporation (NASDAQ:BOXL) has a beta value of 0 and has seen 1,289,802 shares traded in the recent trading session. The company, currently valued at $100.42 Million, closed the recent trade at $2.04 per share which meant it lost -$0.03 on the day or -1.45% during that session. The BOXL stock price is -127.94% off its 52-week high price of $4.65 and 83.82% above the 52-week low of $0.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.34 Million shares traded. The 3-month trading volume is 15.61 Million shares.
The consensus among analysts is that Boxlight Corporation (BOXL) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Boxlight Corporation (NASDAQ:BOXL) trade information
Despite being -1.45% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Aug 05 when the BOXL stock price touched $2.32-1 or saw a rise of 11.63%. Year-to-date, Boxlight Corporation shares have moved 84.69%, while the 5-day performance has seen it change -6.39%. Over the past 30 days, the shares of Boxlight Corporation (NASDAQ:BOXL) have changed 105.01%. Short interest in the company has seen 1.06 Million shares shorted with days to cover at 0.07.
Wall Street analysts have a consensus price target for the stock at $2.94, which means that the shares’ value could jump 44.12% from current levels. The projected low price target is $1.75 while the price target rests at a high of $6. In that case, then, we find that the current price level is +194.12% off the targeted high while a plunge would see the stock lose -14.22% from current levels.
Boxlight Corporation (BOXL) estimates and forecasts
Figures show that Boxlight Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +74.68% over the past 6 months, with this year growth rate of -63.64%, compared to 9.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 54.5% and 66.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.5%.
4 analysts offering their estimates for the company have set an average revenue estimate of $7.89 Million for the current quarter. 4 have an estimated revenue figure of $10.01 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $11.1 Million and $11.6 Million respectively for this quarter and the next, and analysts expect sales will grow by -28.9% for the current quarter and -13.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -50.4% over the past 5 years. Earnings growth for 2020 is a modest -21.6%.
Boxlight Corporation (NASDAQ:BOXL)’s Major holders
Insiders own 46.76% of the company shares, while shares held by institutions stand at 5.02% with a share float percentage of 9.43%. Investors are also buoyed by the number of investors in a company, with Boxlight Corporation having a total of 16 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 338.59 Thousand shares worth more than $193Thousand. As of March 30, 2020, Vanguard Group, Inc. (The) held 0.69% of shares outstanding.
The other major institutional holder is Bard Associates Inc., with the holding of over 90.95 Thousand shares as of March 30, 2020. The firm’s total holdings are worth over $51.84 Thousand and represent 0.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 0.55% shares in the company for having 268979 shares of worth $153.32 Thousand while later fund manager owns 69.54 Thousand shares of worth $39.64 Thousand as of March 30, 2020, which makes it owner of about 0.14% of company’s outstanding stock.