Boxlight Corporation [BOXL] Revenue clocked in at $33.70 million, up 156.76% YTD: What’s Next?

Boxlight Corporation [NASDAQ: BOXL] gained 6.74% or 0.18 points to close at $2.85 with a heavy trading volume of 12019911 shares. The company report on July 29, 2020 that Boxlight Announces Pricing of $30.0 Million Public Offering of Common Stock.

Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology solutions for the global education market, today announced the pricing of its underwritten public offering of 15,000,000 shares of its common stock at a public offering price of $2.00 per share. The gross proceeds from the public offering will be approximately $30.0 million, before deducting underwriting discounts and commissions and estimated offering expenses.

Maxim Group LLC is acting as sole book-running manager and National Securities Corporation is acting as a co-manager for the offering.

It opened the trading session at $3.05, the shares rose to $3.05 and dropped to $2.76, the range by which the price of stock traded the whole day. The daily chart for BOXL points out that the company has recorded 117.56% gains over the past six months. However, it is still -763.64% lower than its most recent low trading price.

If we look at the average trading volume of 14.34M shares, BOXL reached to a volume of 12019911 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Boxlight Corporation [BOXL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BOXL shares is $2.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BOXL stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

National Securities have made an estimate for Boxlight Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 19, 2020. The new note on the price target was released on March 23, 2020, representing the official price target for Boxlight Corporation stock. Previously, the target price had yet another raise to $4, while National Securities analysts kept a Buy rating on BOXL stock.

The Average True Range (ATR) for Boxlight Corporation is set at 0.46, with the Price to Sales ratio for BOXL stock in the period of the last 12 months amounting to 2.83.

Trading performance analysis for BOXL stock

Boxlight Corporation [BOXL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.35. With this latest performance, BOXL shares gained by 255.76% in over the last four-week period, additionally plugging by 117.56% over the last 6 months – not to mention a rise of 9.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BOXL stock in for the last two-week period is set at 62.01, with the RSI for the last a single of trading hit 59.80, and the three-weeks RSI is set at 62.75 for Boxlight Corporation [BOXL]. The present Moving Average for the last 50 days of trading for this stock 1.36, while it was recorded at 2.89 for the last single week of trading, and 1.20 for the last 200 days.

Boxlight Corporation [BOXL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Boxlight Corporation [BOXL] shares currently have an operating margin of -24.40 and a Gross Margin at +24.32. Boxlight Corporation’s Net Margin is presently recorded at -28.46.

Return on Total Capital for BOXL is now -97.41, given the latest momentum, and Return on Invested Capital for the company is -209.91. Return on Equity for this stock declined to -256.86, with Return on Assets sitting at -45.05. Additionally, BOXL Total Debt to Total Capital is recorded at 111.63, with Total Debt to Total Assets ending up at 30.36.

Reflecting on the efficiency of the workforce at the company, Boxlight Corporation [BOXL] managed to generate an average of -$138,266 per employee. Receivables Turnover for the company is 9.05 with a Total Asset Turnover recorded at a value of 1.58.Boxlight Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.60.

Boxlight Corporation [BOXL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Boxlight Corporation posted -0.11/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BOXL.

An analysis of insider ownership at Boxlight Corporation [BOXL]

There are presently around $2 million, or 11.30% of BOXL stock, in the hands of institutional investors. The top three institutional holders of BOXL stocks are: VANGUARD GROUP INC with ownership of 338,589, which is approximately -0.639% of the company’s market cap and around 1.00% of the total institutional ownership; BARD ASSOCIATES INC, holding 90,950 shares of the stock with an approximate value of $0.26 million in BOXL stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.13 million in BOXL stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Boxlight Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 8 institutional holders increased their position in Boxlight Corporation [NASDAQ:BOXL] by around 65,196 shares. Additionally, 4 investors decreased positions by around 10,860 shares, while 2 investors held positions by with 519,924 shares. The mentioned changes placed institutional holdings at 595,980 shares, according to the latest SEC report filing. BOXL stock had 5 new institutional investments in for a total of 53,054 shares, while 2 institutional investors sold positions of 5,881 shares during the same period.

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