In the last trading session, 2,227,511 shares of the Boxlight Corporation(NASDAQ:BOXL) were traded, and its beta was 0. Most recently the company’s share price was $3.39, and it changed around $0.02 or 0.01% from the last close, which brings the market valuation of the company to $184.3 Million. BOXL currently trades at a discount to its 52-week high of $4.65, offering almost -37.17% off that amount. The share price’s 52-week low was $0.33, which indicates that the current value has risen by an impressive 90.27% since then. We note from Boxlight Corporation’s average daily trading volume that its 10-day average is 6.58 Million shares, with the 3-month average coming to 5.65 Million.
Boxlight Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended BOXL as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Boxlight Corporation is expected to report earnings per share of $0 for the current quarter.
Boxlight Corporation (NASDAQ:BOXL): Trading Information
Instantly BOXL has showed a green trend with a performance of 0.59% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.80- on Tuesday, Feb 16 increased the stock’s daily price by 10.79%. The company’s shares are currently up 1.22% year-to-date, but still up 0.018 over the last five days. On the other hand, Boxlight Corporation (NASDAQ:BOXL) is 0.47% up in the 30-day period. We can see from the shorts that 4.13 Million shares have been sold at a short interest cover period of 0.73 day(s).
The consensus price target as assigned by Wall Street analysts is $5.5, which translates to bears needing to increase their stock price by 62.24% from its current value. Analyst projections state that BOXL is forecast to be at a low of $5 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +76.99% from its current level, while the stock would need to crash 47.49% from its current level to reach the projected low.
Boxlight Corporation (BOXL) projections and forecasts
Boxlight Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +66.18 percent over the past six months. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +100% in revenue this quarter, and will report an increase of 93.8% in the next quarter. The year-over-year growth rate is expected to be 52%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $27.18 Million in revenue for the current quarter. 2 analysts expect Boxlight Corporation to make $24.13 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $5.32 Million and $5.72 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 411%. Forecasts for the next quarter put sales growth at 321.6%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -50.4%. Boxlight Corporation earnings are expected to decrease by -21.6% in 2021, but the outlook is negative 0% per year for the next five years.
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Boxlight Corporation (NASDAQ:BOXL)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 25.73% of Boxlight Corporation shares, and 13.79% of them are in the hands of institutional investors. The stock currently has a share float of 18.57%. Boxlight Corporation stock is held by 22 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 3.87% of the shares, which is about 1.97 Million shares worth $3.17 Million.
Blackrock Inc., with 2.11% or 1.07 Million shares worth $1.64 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.