BOXABL (NASDAQ:BXBL) Reaches New 1-Year Low – What’s Next?

Shares of BOXABL Inc. (NASDAQ:BXBL) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $3.05 and last traded at $3.0750, with a volume of 37,435 shares traded. The stock had previously closed at $3.20.

Analysts Set New Price Targets

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

BOXABL Stock Performance

The stock has a market capitalization of $719.82 million, a P/E ratio of -2.16 and a beta of 0.47. The firm has a fifty day simple moving average of $3.95.

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

BOXABL Company Profile

BOXABL develops and manufactures prefabricated, modular buildings designed to provide a faster and potentially more efficient alternative to traditional construction. Its structures are produced in a factory, transported to a building site and assembled for residential and other uses.

The company’s best-known product is the Casita, a compact modular home designed as a studio-style dwelling or accessory dwelling unit. BOXABL also offers larger configurations and has described applications for its building systems in multifamily housing, commercial properties, emergency accommodation and other structures.