BOXABL (NASDAQ:BXBL) Shares Gap Down – Here’s Why
by Danessa Lincoln · The Markets DailyBOXABL Inc. (NASDAQ:BXBL – Get Free Report)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $3.74, but opened at $3.58. BOXABL shares last traded at $3.2450, with a volume of 79,312 shares.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, BOXABL presently has an average rating of “Sell”.
Check Out Our Latest Report on BOXABL
BOXABL Price Performance
The business has a 50-day moving average of $4.34. The stock has a market cap of $800.54 million, a PE ratio of -2.40 and a beta of 0.39.
BOXABL (NASDAQ:BXBL – Get Free Report) last issued its earnings results on Friday, August 21st. The modular housing company reported ($1.38) earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in BOXABL stock. Highbridge Capital Management LLC lifted its stake in BOXABL Inc. (NASDAQ:BXBL – Free Report) by 119.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 559,889 shares of the modular housing company’s stock after purchasing an additional 305,282 shares during the period. Highbridge Capital Management LLC owned 21.53% of BOXABL worth $5,621,000 at the end of the most recent quarter.
BOXABL Company Profile
BOXABL, Inc develops and manufactures factory-built modular housing designed to provide faster and potentially more efficient alternatives to conventional site-built construction. Its homes are produced in a controlled manufacturing environment, then transported to a property and assembled for residential use.
The company is best known for its Casita modular home, a compact dwelling designed for use as a standalone residence, accessory dwelling unit or other small-footprint housing solution.