BOXABL (NASDAQ:BXBL) Shares Up 5.1% - Here's Why

Key Points

• BOXABL shares rose 5.1% to $4.09 during Tuesday trading, despite volume running slightly below the stock’s average.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock’s sell rating, while Wall Street Zen moved it to hold; MarketBeat reports an overall average rating of “Sell.”
• BOXABL reported a quarterly loss of $1.38 per share and has a market capitalization of approximately $978 million. Several institutional investors recently increased their positions or initiated new stakes.

BOXABL Inc. (NASDAQ:BXBL - Get Free Report) was up 5.1% during trading on Tuesday . The company traded as high as $4.20 and last traded at $4.09. 165,130 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 175,120 shares. The stock had previously closed at $3.89.

Analysts Set New Price Targets

Several equities research analysts recently commented on BXBL shares. Weiss Ratings cut BOXABL from a "sell (d)" rating to a "sell (e-)" rating in a research note on Monday, August 24th. Wall Street Zen raised 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 Performance

The company has a market cap of $978.05 million, a price-to-earnings ratio of 405.00 and a beta of 0.44.

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

Institutional Trading of BOXABL

A number of institutional investors have recently made changes to their positions in BXBL. Flow Traders U.S. LLC bought a new stake in shares of BOXABL in the second quarter worth about $115,000. Crossingbridge Advisors LLC grew its stake in shares of BOXABL by 148.8% in the 4th quarter. Crossingbridge Advisors LLC now owns 60,904 shares of the modular housing company's stock worth $610,000 after buying an additional 36,424 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of BOXABL in the second quarter worth $789,000. DLD Asset Management LP increased its stake in BOXABL by 10.7% during the 4th quarter. DLD Asset Management LP now owns 110,725 shares of the modular housing company's stock valued at $1,112,000 after purchasing an additional 10,725 shares in the last quarter. Finally, Quarry LP increased its position in shares of BOXABL by 128.8% during the third quarter. Quarry LP now owns 177,635 shares of the modular housing company's stock valued at $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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