Box Inc. [BOX] is -10.18% lower this YTD. Is it still time to buy?

Box Inc. [NYSE: BOX] traded at a low on 01/10/23, posting a -6.30 loss after which it closed the day’ session at $27.96. The company report on January 10, 2023 that BETC, Leading Creative Agency, Chooses Box for Cloud Content Management.

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Box Content Cloud powers secure collaboration and production of creative marketing and communications projects.

Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced that BETC has chosen Box’s secure content management capabilities to power collaboration and accelerate processes around content management. Founded in Paris and part of the Havas Group, BETC is a global communications, marketing and advertising agency that uses Box across its global workforce, from Paris to London to Sao Paolo, to drive its entire content lifecycle.

The results of the trading session contributed to over 3661044 shares changing hands. Over the past one week, the price volatility of Box Inc. stands at 2.99% while the volatility over the past one month is 2.88%.

The market cap for BOX stock reached $4.04 billion, with 142.38 million shares outstanding and 137.97 million shares in the current float. Compared to the average trading volume of 1.13M shares, BOX reached a trading volume of 3661044 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $34.09 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 2.00. 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.

RBC Capital Mkts have made an estimate for Box Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price from $31 to $34. The new note on the price target was released on December 12, 2022, representing the official price target for Box Inc. stock. Previously, the target price had yet another raise to $36, while Credit Suisse analysts kept a Outperform rating on BOX stock. On October 03, 2022, analysts increased their price target for BOX shares from 32 to 34.

The Average True Range (ATR) for Box Inc. is set at 0.98, with the Price to Sales ratio for BOX stock in the period of the last 12 months amounting to 4.17. Price to Free Cash Flow for BOX in the course of the last twelve months was 13.00 with Quick ratio for the last quarter at 1.10.

How has BOX stock performed recently?

Box Inc. [BOX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.70. With this latest performance, BOX shares dropped by -1.31% in over the last four-week period, additionally plugging by 7.41% over the last 6 months – not to mention a rise of 8.96% 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 36.03, with the RSI for the last a single of trading hit 26.94, and the three-weeks RSI is set at 41.57 for Box Inc. [BOX]. The present Moving Average for the last 50 days of trading for this stock 29.20, while it was recorded at 29.90 for the last single week of trading, and 28.08 for the last 200 days.

Box Inc. [BOX]: Deeper insight into the 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 1.10 and a Current Ratio set at 1.10.

Earnings analysis for Box Inc. [BOX]

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 31.09%.

Insider trade positions for Box Inc. [BOX]

There are presently around $3,442 million, or 91.90% of BOX stock, in the hands of institutional investors. The top three institutional holders of BOX stocks are: VANGUARD GROUP INC with ownership of 14,922,747, which is approximately 0.327% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 13,540,512 shares of the stock with an approximate value of $378.59 million in BOX stocks shares; and EARNEST PARTNERS LLC, currently with $185.51 million in BOX stock with ownership of nearly 2.125% of the company’s market capitalization.

Positions in Box Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 163 institutional holders increased their position in Box Inc. [NYSE:BOX] by around 15,014,469 shares. Additionally, 144 investors decreased positions by around 14,418,004 shares, while 53 investors held positions by with 93,677,863 shares. The mentioned changes placed institutional holdings at 123,110,336 shares, according to the latest SEC report filing. BOX stock had 38 new institutional investments in for a total of 2,782,533 shares, while 36 institutional investors sold positions of 2,396,288 shares during the same period.

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