Market Analysts see Box Inc. [BOX] gaining to $18. Time to buy?



Box Inc. [NYSE: BOX] gained 9.60% or 1.69 points to close at $19.30 with a heavy trading volume of 11206885 shares. The company report on February 10, 2021 that All-New Box Shuttle to Accelerate Content Migration to the Box Content Cloud.

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Box, Inc. (NYSE:BOX) announced the all-new Box Shuttle to make it easier, faster, and less costly to migrate large amounts of content – including permissions and metadata — to the Box Content Cloud. With Box Shuttle, customers get access to content management experts for strategy and execution, change management processes to drive adoption, and powerful technology that will enable organizations to accelerate their digital transformation journey. Box Shuttle is now the lowest-cost full-service content migration program in the cloud content management market.

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“As this past year demonstrated, it’s more important than ever for businesses to modernize how they work and move to the cloud,” said Aaron Levie, cofounder and CEO of Box. “We want it to be as simple, fast, and cost-effective as possible to retire legacy systems and move information to the Box Content Cloud. Box Shuttle can now migrate some of the most complex and large-scale content management environments, at a lower cost and faster than ever. And with more of their high-value content in Box, our customers can empower their teams to collaborate more effectively and accelerate their digital transformation initiatives.”.

It opened the trading session at $17.34, the shares rose to $19.43 and dropped to $16.85, the range by which the price of stock traded the whole day. The daily chart for BOX points out that the company has recorded 8.67% gains over the past six months. However, it is still -123.38% lower than its most recent low trading price.

If we look at the average trading volume of 2.46M shares, BOX reached to a volume of 11206885 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 Box Inc. [BOX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BOX shares is $23.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BOX stock is a recommendation set at 2.20. 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.

DA Davidson have made an estimate for Box Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 25, 2021. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on January 15, 2021, representing the official price target for Box Inc. stock. Previously, the target price had yet another raise to $24, while Craig Hallum analysts kept a Buy rating on BOX stock. On May 28, 2020, analysts increased their price target for BOX shares from 20 to 25.

The Average True Range (ATR) for Box Inc. is set at 0.83, with the Price to Sales ratio for BOX stock in the period of the last 12 months amounting to 4.08. The Price to Book ratio for the last quarter was 34.46, with the Price to Cash per share for the same quarter was set at 1.72. Price to Free Cash Flow for BOX in the course of the last twelve months was 21.19 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for BOX stock

Box Inc. [BOX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.60. With this latest performance, BOX shares gained by 8.06% in over the last four-week period, additionally plugging by 8.67% over the last 6 months – not to mention a rise of 21.54% 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 BOX stock in for the last two-week period is set at 58.33, with the RSI for the last a single of trading hit 60.64, and the three-weeks RSI is set at 56.80 for Box Inc. [BOX]. The present Moving Average for the last 50 days of trading for this stock 18.29, while it was recorded at 18.56 for the last single week of trading, and 18.17 for the last 200 days.

Box Inc. [BOX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Box Inc. [BOX] shares currently have an operating margin of -20.03 and a Gross Margin at +69.04. Box Inc.’s Net Margin is presently recorded at -20.73.

Return on Total Capital for BOX is now -47.18, given the latest momentum, and Return on Invested Capital for the company is -61.70. Return on Equity for this stock declined to -536.99, with Return on Assets sitting at -17.93. When it comes to the capital structure of this company, Box Inc. [BOX] has a Total Debt to Total Equity ratio set at 1,898.92. Additionally, BOX Total Debt to Total Capital is recorded at 95.00, with Total Debt to Total Assets ending up at 44.22. Long-Term Debt to Equity for the company is recorded at 1,474.12, with the Long-Term Debt to Total Capital now at 73.75.

Reflecting on the efficiency of the workforce at the company, Box Inc. [BOX] managed to generate an average of -$70,551 per employee. Receivables Turnover for the company is 3.62 with a Total Asset Turnover recorded at a value of 0.86.Box Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Box Inc. [BOX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Box Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 75.00%. 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 BOX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Box Inc. go to 8.00%.

An analysis of insider ownership at Box Inc. [BOX]

There are presently around $2,452 million, or 81.30% of BOX stock, in the hands of institutional investors. The top three institutional holders of BOX stocks are: VANGUARD GROUP INC with ownership of 17,326,628, which is approximately 8.577% of the company’s market cap and around 2.70% of the total institutional ownership; BLACKROCK INC., holding 13,004,504 shares of the stock with an approximate value of $250.99 million in BOX stocks shares; and STARBOARD VALUE LP, currently with $211.85 million in BOX stock with ownership of nearly 18.177% of the company’s market capitalization.

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Positions in Box Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 131 institutional holders increased their position in Box Inc. [NYSE:BOX] by around 13,854,430 shares. Additionally, 147 investors decreased positions by around 11,971,913 shares, while 49 investors held positions by with 101,209,800 shares. The mentioned changes placed institutional holdings at 127,036,143 shares, according to the latest SEC report filing. BOX stock had 33 new institutional investments in for a total of 1,928,958 shares, while 46 institutional investors sold positions of 2,286,931 shares during the same period.



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