In the last trading session, 1.45 million Boxlight Corporation (NASDAQ:BOXL) shares changed hands as the company’s beta touched 3.66. With the company’s per share price at $2.40 changed hands at -$0.07 or -2.83% during last session, the market valuation stood at $147.79M. BOXL’s last price was a discount, traded about -58.33% off its 52-week high of $3.80. The share price had its 52-week low at $1.29, which suggests the last value was 46.25% up since then. When we look at Boxlight Corporation’s average trading volume, we note the 10-day average is 1.75 million shares, with the 3-month average coming to 3.05 million.
Analysts gave the Boxlight Corporation (BOXL) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BOXL as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Boxlight Corporation’s EPS for the current quarter is expected to be -$0.05.
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Instantly BOXL was in red as seen at the end of in last trading. With action -10.11%, the performance over the past five days has been red. The drop to weekly highs of 2.67 on Friday, 09/10/21 subtracted -2.83% to the stock’s daily price. The company’s shares are showing year-to-date upside of 56.86%, with the 5-day performance at -10.11% in the red. However, in the 30-day time frame, Boxlight Corporation (NASDAQ:BOXL) is 23.08% up. Looking at the short shares, we see there were 4.52 million shares sold at short interest cover period of 2.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is $6.75, meaning bulls need an upside of 64.44% from its current market value. According to analyst projections, BOXL’s forecast low is $6.50 with $7.00 as the target high. To hit the forecast high, the stock’s price needs a -191.67% plunge from its current level, while the stock would need to soar -170.83% for it to hit the projected low.
Boxlight Corporation (BOXL) estimates and forecasts
Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Boxlight Corporation will rise 37.50%, while the growth in revenue is estimated to hit 140.00% for the next quarter. Year-over-year growth is forecast to reach 224.70% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $46.75 million. 2 analysts are of the opinion that Boxlight Corporation’s revenue for the quarter ending Sep 2021 will be $60.04 million. The company’s revenue for the corresponding quarters a year ago was $7.83 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 497.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.10%. The 2021 estimates are for Boxlight Corporation earnings to increase by 55.60%.
Boxlight Corporation is expected to release its next quarterly earnings report on March 25.
Boxlight Corporation (NASDAQ:BOXL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.59% of Boxlight Corporation shares while 13.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 14.99%. There are 13.85% institutions holding the Boxlight Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Jun 29, 2021, the company held 3.34% of the shares, roughly 2.0 million BOXL shares worth $4.82 million.
State Street Corporation holds the second largest percentage of outstanding shares, with 3.08% or 1.84 million shares worth $4.44 million as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF and Vanguard Total Stock Market Index Fund. With 1.64 million shares estimated at $3.94 million under it, the former controlled 2.73% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.78% of the shares, roughly 1.07 million shares worth around $2.7 million.