In the last trading session, 3,200,000,000 shares of the Box, Inc. (NYSE:BOX) were traded, and its beta was 1.33. Most recently the company’s share price was $24.11, and it changed around -$0.37 or -0.02% from the last close, which brings the market valuation of the company to $3.85 Billion. BOX currently trades at a discount to its 52-week high of $26.47, offering almost -9.79% off that amount. The share price’s 52-week low was $14.43, which indicates that the current value has risen by an impressive 40.15% since then. We note from Box, Inc.’s average daily trading volume that its 10-day average is 3.1 Million shares, with the 3-month average coming to 3.64 Million.
Box, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that 1 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended BOX as a Hold, whereas 6 deemed it a Buy, and no one rated it as Underweight. Box, Inc. is expected to report earnings per share of $0.17 for the current quarter.
Box, Inc. (NYSE:BOX): Trading Information
Although BOX has showed a red trend with a performance of -1.51% 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 $24.76 on Monday, Apr 05 increased the stock’s daily price by 2.63%. The company’s shares are currently up 0.34% year-to-date, but still up 0.0303 over the last five days. On the other hand, Box, Inc. (NYSE:BOX) is 0.3% up in the 30-day period. We can see from the shorts that 11.96 Million shares have been sold at a short interest cover period of 3.29 day (s).
The consensus price target as assigned by Wall Street analysts is $25.13, which translates to bears needing to increase their stock price by 4.23% from its current value. Analyst projections state that BOX is forecast to be at a low of $19 and a high of $28. In order for the stock price to hit the forecast high, the stock would need to surge +16.13% from its current level, while the stock would need to crash -21.19% from its current level to reach the projected low.
Box, Inc. (BOX) projections and forecasts
Box, Inc. 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 +40.99 percent over the past six months and at a 12.86% annual growth rate that is well above the industry average of -1.2%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +70% in revenue this quarter, and will report an increase of 5.6% in the next quarter. The year-over-year growth rate is expected to be 9.6%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.1%. Box, Inc. earnings are expected to increase by 71.5% in 2021, but the outlook is positive 8% per year for the next five years.
Box, Inc. (NYSE:BOX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 2.89% of Box, Inc. shares, and 83.01% of them are in the hands of institutional investors. The stock currently has a share float of 85.48%. Box, Inc. stock is held by 378 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 10.84% of the shares, which is about 17.33 Million shares worth $312.75 Million.
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Blackrock Inc., with 8.13% or 13Million shares worth $234.73 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
First Trust Dow Jones Internet Index (SM) Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 4469068 shares worth $80.67 Million, making up 2.8% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.14 Million shares worth around $74.72 Million, which represents about 2.59% of the total shares outstanding.