BOXABL (NASDAQ:BXBL) Sets New 12-Month Low – What’s Next?

Shares of BOXABL Inc. (NASDAQ:BXBL) reached a new 52-week low on Thursday. The company traded as low as $3.05 and last traded at $3.10, with a volume of 87970 shares traded. The stock had previously closed at $3.27.

Analyst Ratings Changes

A number of research firms have recently commented on BXBL. Weiss Ratings upgraded shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

BOXABL Stock Down 1.3%

The stock has a fifty day simple moving average of $4.29. The stock has a market cap of $779.06 million, a P/E ratio of -2.33 and a beta of 0.39.

BOXABL (NASDAQ:BXBL) last issued its earnings results on Friday, August 21st. The modular housing company reported ($1.38) earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in BOXABL stock. Highbridge Capital Management LLC lifted its holdings in BOXABL Inc. (NASDAQ:BXBL) by 119.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 559,889 shares of the modular housing company’s stock after purchasing an additional 305,282 shares during the period. Highbridge Capital Management LLC owned about 21.53% of BOXABL worth $5,621,000 at the end of the most recent quarter.

About BOXABL

BOXABL, Inc develops and manufactures factory-built modular housing designed to provide faster and potentially more efficient alternatives to conventional site-built construction. Its homes are produced in a controlled manufacturing environment, then transported to a property and assembled for residential use.

The company is best known for its Casita modular home, a compact dwelling designed for use as a standalone residence, accessory dwelling unit or other small-footprint housing solution.