At the time of writing, Box Inc [BOX] stock is trading at $26.47, up 0.84%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BOX shares have lost -3.00% over the last week, with a monthly amount drifted -8.06%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Box Inc fluctuated between $23.29 and $31.94. Currently, Wall Street analysts expect the stock to reach $31.67 within the next 12 months. Box Inc [NYSE: BOX] shares were valued at $26.47 at the most recent close of the market. An investor can expect a potential return of 19.64% based on the average BOX price forecast.
Analyzing the BOX fundamentals
According to Box Inc [NYSE:BOX], the company’s sales were 1.04B for trailing twelve months, which represents an 2.50% jump. 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 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is -9.32 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 6.52.
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 26.23 points at the first support level, and at 25.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.69, and for the 2nd resistance point, it is at 26.90.
Ratios To Look Out For
It is important to note that Box Inc [NYSE:BOX] has a current ratio of 1.17. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 3.68 and price to earnings (TTM) ratio is 39.18.
Transactions by insiders
Recent insider trading involved Smith Dylan C, Chief Financial Officer, that happened on Apr 10 ’24 when 13000.0 shares were sold. Director, EVAN DANA L completed a deal on Mar 28 ’24 to sell 11000.0 shares. Meanwhile, Director LEVIN DANIEL J sold 70000.0 shares on Mar 27 ’24.
