BOXABL (NASDAQ:BXBL) Hits New 52-Week Low – Here’s Why
by Tristan Rich · The Markets DailyBOXABL Inc. (NASDAQ:BXBL – Get Free Report) shares reached a new 52-week low on Thursday. The stock traded as low as $3.05 and last traded at $3.0750, with a volume of 37,435 shares changing hands. The stock had previously closed at $3.20.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BXBL. Wall Street Zen raised shares of BOXABL from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.
BOXABL Stock Performance
The firm has a 50-day moving average of $4.00. The stock has a market capitalization of $741.56 million, a PE ratio of -2.22 and a beta of 0.47.
BOXABL (NASDAQ:BXBL – Get Free Report) last released its earnings results on Friday, August 21st. The modular housing company reported ($1.38) earnings per share (EPS) for the quarter.
About BOXABL
BOXABL develops and manufactures prefabricated, modular buildings designed to provide a faster and potentially more efficient alternative to traditional construction. Its structures are produced in a factory, transported to a building site and assembled for residential and other uses.
The company’s best-known product is the Casita, a compact modular home designed as a studio-style dwelling or accessory dwelling unit. BOXABL also offers larger configurations and has described applications for its building systems in multifamily housing, commercial properties, emergency accommodation and other structures.