Box Inc. [BOX] stock Upgrade by JP Morgan analyst, price target now $28

Box Inc. [NYSE: BOX] price plunged by -3.42 percent to reach at -$1.0. The company report on August 24, 2022 that Box Reports Strong Fiscal Second Quarter 2023 Financial Results.


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Revenue Growth of 15% Year-Over-Year.

Operating Profitability on a GAAP and Non-GAAP Basis, with Margins of 1% and 22%, Respectively.

A sum of 2761941 shares traded at recent session while its average daily volume was at 1.50M shares. Box Inc. shares reached a high of $29.67 and dropped to a low of $27.85 until finishing in the latest session at $28.26.

The one-year BOX stock forecast points to a potential upside of 12.02. The average equity rating for BOX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $32.12 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.

JP Morgan have made an estimate for Box Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 03, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $21 to $25. The new note on the price target was released on January 07, 2022, representing the official price target for Box Inc. stock. Previously, the target price had yet another raise to $29, while Morgan Stanley analysts kept a Equal-Weight rating on BOX stock.

The Average True Range (ATR) for Box Inc. is set at 0.79, with the Price to Sales ratio for BOX stock in the period of the last 12 months amounting to 4.57. Price to Free Cash Flow for BOX in the course of the last twelve months was 17.06 with Quick ratio for the last quarter at 1.20.

BOX Stock Performance Analysis:

Box Inc. [BOX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.81. With this latest performance, BOX shares gained by 0.89% in over the last four-week period, additionally plugging by 11.88% over the last 6 months – not to mention a rise of 10.22% 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 40.78, with the RSI for the last a single of trading hit 29.76, and the three-weeks RSI is set at 46.39 for Box Inc. [BOX]. The present Moving Average for the last 50 days of trading for this stock 27.74, while it was recorded at 29.37 for the last single week of trading, and 27.14 for the last 200 days.

Insight into Box Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Box Inc. [BOX] shares currently have an operating margin of -2.89 and a Gross Margin at +71.47. Box Inc.’s Net Margin is presently recorded at -4.74.

Return on Equity for this stock declined to -34.00, with Return on Assets sitting at -3.02.

Box Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

BOX Stock EPS

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%.

Box Inc. [BOX] Insider Position Details

There are presently around $3,508 million, or 88.60% of BOX stock, in the hands of institutional investors. The top three institutional holders of BOX stocks are: VANGUARD GROUP INC with ownership of 14,874,121, which is approximately -6.359% of the company’s market cap and around 3.80% of the total institutional ownership; BLACKROCK INC., holding 11,117,554 shares of the stock with an approximate value of $314.18 million in BOX stocks shares; and EARNEST PARTNERS LLC, currently with $183.6 million in BOX stock with ownership of nearly 1.169% of the company’s market capitalization.

Positions in Box Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 147 institutional holders increased their position in Box Inc. [NYSE:BOX] by around 17,249,859 shares. Additionally, 163 investors decreased positions by around 16,241,522 shares, while 51 investors held positions by with 90,656,670 shares. The mentioned changes placed institutional holdings at 124,148,051 shares, according to the latest SEC report filing. BOX stock had 46 new institutional investments in for a total of 6,070,252 shares, while 34 institutional investors sold positions of 1,358,002 shares during the same period.

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