BOXABL (NASDAQ:BXBL) Trading Down 7.6% - Should You Sell?

Key Points

• BOXABL shares fell 7.6% to about $4.11, with trading volume down 35% from the average session. The company’s market capitalization is approximately $991 million, while its P/E ratio stands at 410.5.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell” rating, while Wall Street Zen upgraded the stock to “hold.” MarketBeat reports a consensus rating of “Sell.”
• Several hedge funds increased their BOXABL holdings, including Highbridge Capital Management, which nearly doubled its position, and Quarry LP, which raised its stake by 128.8%.

Shares of BOXABL Inc. (NASDAQ:BXBL - Get Free Report) dropped 7.6% during trading on Monday . The stock traded as low as $4.11 and last traded at $4.1140. 113,325 shares traded hands during trading, a decline of 35% from the average session volume of 174,111 shares. The stock had previously closed at $4.45.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of BOXABL from a "sell" rating to a "hold" rating in a research report on Sunday, July 12th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of BOXABL in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

BOXABL Trading Down 7.8%

The stock has a market cap of $991.32 million, a PE ratio of 410.50 and a beta of 0.46.

Hedge Funds Weigh In On BOXABL

Hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC lifted its holdings in shares of BOXABL by 28.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 642,969 shares of the modular housing company's stock valued at $6,455,000 after purchasing an additional 142,969 shares in the last quarter. Highbridge Capital Management LLC raised its position in BOXABL by 119.9% in the 4th quarter. Highbridge Capital Management LLC now owns 559,889 shares of the modular housing company's stock valued at $5,621,000 after buying an additional 305,282 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in BOXABL by 19.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 254,099 shares of the modular housing company's stock valued at $2,551,000 after acquiring an additional 41,683 shares in the last quarter. Toronto Dominion Bank boosted its holdings in BOXABL by 15.8% during the 4th quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company's stock worth $1,909,000 after acquiring an additional 25,875 shares during the last quarter. Finally, Quarry LP grew its stake in shares of BOXABL by 128.8% in the 3rd quarter. Quarry LP now owns 177,635 shares of the modular housing company's stock worth $1,775,000 after acquiring an additional 100,000 shares in the last quarter.

BOXABL Company Profile

BOXABL Inc develops factory-built modular building systems designed to reduce the time, labor and transportation costs associated with traditional construction. The company’s patented folding technology allows its room-sized building modules to fit within standard highway, rail and shipping dimensions before being transported and unfolded at the installation site.

BOXABL’s flagship product is the Casita, a 361-square-foot studio unit equipped with a full kitchen, bathroom, living area and utility connections.

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