Box Inc [BOX] stock prices are up 1.26% to $34.67 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BOX shares have gain 3.34% over the last week, with a monthly amount glided 5.93%, and 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 May 22, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $32 from $35. Previously, UBS started tracking the stock with Buy rating on December 15, 2023, and set its price target to $36. On August 30, 2023, downgrade downgraded it’s rating to Hold. RBC Capital Mkts downgraded its rating to a Underperform and decreased its price target to $24 on January 10, 2023. JP Morgan upgraded its rating to a Overweight and raised its price target to $34 on December 12, 2022. Credit Suisse started tracking with a Outperform rating for this stock on November 22, 2022, and assigned it a price target of $36. In a note dated October 03, 2022, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $32 to $34.
The stock price of Box Inc [BOX] has been fluctuating between $23.29 and $35.01 over the past year. Currently, Wall Street analysts expect the stock to reach $32.75 within the next 12 months. Box Inc [NYSE: BOX] shares were valued at $34.67 at the most recent close of the market. An investor can expect a potential drop of -5.54% based on the average BOX price forecast.
Analyzing the BOX fundamentals
The Box Inc [NYSE:BOX] reported sales of 1.06B for trailing twelve months, representing a surge of 3.29%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 3.68 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.4.
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 34.22 points at the first support level, and at 33.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.09, and for the 2nd resistance point, it is at 35.52.
Ratios To Look Out For
It’s worth pointing out that Box Inc [NYSE:BOX]’s Current Ratio is 1.18. On the other hand, the Quick Ratio is 1.18, and the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 4.69 and price to earnings (TTM) ratio is 43.99.
Transactions by insiders
Recent insider trading involved Smith Dylan C, Chief Financial Officer, that happened on Nov 11 ’24 when 13000.0 shares were sold. Director, DANA L EVAN completed a deal on Nov 12 ’24 to buy 6526.0 shares. Meanwhile, Officer LAZAR JACK R bought 2500.0 shares on Nov 12 ’24.
