Boxlight Corporation [NASDAQ:BOXL] shares are showing an active tape with a current price of $1.87 on Wednesday.
Boxlight Corporation is in the Technology sector under the Communication Equipment industry. This week, we are watching the stock hit price per sales of 3.20 with an earning per share of -0.56.
For the year, the stock is trading 68.47% and the five-day change stands at 16.15%. As a point of reference, the S&P 500 is trading 0.55% YTD.
Holding a Market Cap of $97.67 million, Boxlight Corporation has seen a trading range over the last year of $0.33-$4.65.
For the last five days, BOXL is up from its last closing price. The average shares trading hands each day is 17.44M, with average 10-day volume coming in at 6.31 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BOXL. When we apply the Elder Force Index to Boxlight Corporation, we are seeing an Elder Force Indicator number of 0.0.
The company’s enterprise value has gone from $34.06M to $15.74M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, BOXL made a profit of 2.69 million. Boxlight Corporation also saw quarter revenue growth year over year of -12.71%. In addition, the company has operating cash flow of -$6.47 million.
Looking at popular technical indicators, the company’s 5-day moving average is 1.9028 compared to the 50-day moving average of 1.6533. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BOXL currently holds a 9-day RSI of 59.77%, while 100-day RSI stands at 51.60%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BOXL’s 9-day MACD is 0.0881 and the company’s 100-day MACD stands at 0.2913.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 46.76% by insiders and 5.02% by institutions. Regarding institutional holdings, Bard Associates Inc. owns 1.86%, while the second top holder, Vanguard Group, Inc. (The), currently owns 0.67%.
Over the last six months, insiders have sold 140,809 with the most recent transaction from K Laser Technology Inc., , with a sell at price 1.61 per share.
Overall, the recommended rating for BOXL is Strong Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is -0.02. Quarterly revenue estimates are averaging 10.76M with the high estimate reaching 11.5M and the low at 10.21M.