Box Inc [BOX] stock prices are down -0.37% to $29.63 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BOX shares have gain 11.64% over the last week, with a monthly amount glided 9.50%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 5, March 2024, Box Expands its Collaboration with Microsoft with New Azure OpenAI Service Integration. In a post published today on Yahoo Finance, Announces General Availability of Box AI for Enterprise Plus Customers.
From an analyst’s perspective:
Box Inc [NYSE: BOX] stock has seen the most recent analyst activity on December 15, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $36. Previously, Craig Hallum downgraded its rating to Hold on August 30, 2023. On January 10, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $24 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $34 on December 12, 2022. Credit Suisse initiated its recommendation with a Outperform and recommended $36 as its price target on November 22, 2022. Morgan Stanley upgraded its rating to Overweight for this stock on October 03, 2022, and upped its price target to $34. In a note dated September 13, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $34 on this stock.
The stock price of Box Inc [BOX] has been fluctuating between $23.29 and $31.94 over the past year. Currently, Wall Street analysts expect the stock to reach $32.4 within the next 12 months. Box Inc [NYSE: BOX] shares were valued at $29.63 at the most recent close of the market. An investor can expect a potential return of 9.35% based on the average BOX price forecast.
Analyzing the BOX fundamentals
The Box Inc [NYSE:BOX] reported sales of 1.04B for trailing twelve months, representing a surge of 2.50%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is -0.86 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.42 points at the first support level, and at 29.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.00, and for the 2nd resistance point, it is at 30.38.
Box Inc [BOX] reported earnings per share of $0.42 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0.04 and a surprise factor of 10.50%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.36 per share as compared to estimates of $0.38 per share, a difference of -$0.02 representing a surprise of -5.30%.
Ratios To Look Out For
It’s worth pointing out that Box Inc [NYSE:BOX]’s Current Ratio is 1.17. In addition, the Quick Ratio stands at 1.12 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 4.10 and price to earnings (TTM) ratio is 44.17.
Transactions by insiders
Recent insider trading involved Smith Dylan C, Chief Financial Officer, that happened on Feb 09 ’24 when 13000.0 shares were sold. Chief Financial Officer, Smith Dylan C completed a deal on Jan 10 ’24 to sell 13000.0 shares. Meanwhile, VP Chief Acct Ofr & Controller Berkovitch Eli sold 7750.0 shares on Jan 09 ’24.
