Boxlight (NASDAQ:BOXL) Issues Quarterly Earnings Results

by · The Markets Daily

Boxlight (NASDAQ:BOXL – Get Free Report) released its earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of ($20.16) by $20.50, FiscalAI reports. The business had revenue of $25.92 million for the quarter, compared to the consensus estimate of $30.85 million.

Boxlight Trading Down 13.6%

Shares of Boxlight stock opened at $6.80 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 26.20. The firm’s 50-day moving average price is $4.09 and its 200 day moving average price is $6.04. The firm has a market capitalization of $4.69 million, a PE ratio of -0.05 and a beta of 0.81. Boxlight has a twelve month low of $2.59 and a twelve month high of $365.40.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BOXL shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC bought a new stake in Boxlight Corporation (NASDAQ:BOXL – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned about 0.52% of Boxlight as of its most recent SEC filing. Institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

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Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.

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