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Saturday, June 3, 2023

Are Things Looking Up For Boxlight Corporation (NASDAQ: BOXL)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Boxlight Corporation (BOXL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0114, or 3.84%, to $0.3085. The Boxlight Corporation has recorded 7,391 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted EOS Education Achieves the Education Partner Specialization in Google Cloud Partner Advantage.

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Stocks Info

The company is listed on the NASDAQ and operates within the Communication Equipment industry segment. At the end of the last regular session, the stock closed at $0.30 and fluctuated between $0.3038 as its day high and $0.2911 as its day low. The current market capitalization of Boxlight Corporation is $22.58M. A total of 0.58 million shares were traded on the day, compared to an average of 489.54K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BOXL has seen 0 BUY and 8 SELL insider trades, representing the acquisition of 0 and the disposition of 31,791 shares. Over the last 12 months, there were 15 BUYs and 49 SELLs from insiders. Insiders purchased 925,119 shares during that period but sold 521,467.

In the most recent transaction, Marklew Shaun sold 39,278 shares of BOXL for 0.31 per share on May 17. After the transaction, the Chief Technology Officer now owns 150,000 company shares. In a previous transaction on May 16, Pope Michael Ross sold 1,368 shares at 0.33 per share. BOXL shares that Chief Executive Officer owns now total 1,619,142.

Among the insiders who sold shares, Pope Michael Ross disposed of 4,893 shares on May 02 at a per-share price of $0.34. This resulted in the Chief Executive Officer holding 1,620,510 shares of BOXL after the transaction. In another insider transaction, Pope Michael Ross sold 6,207 shares at $0.39 per share on Apr 18. Company shares held by the Chief Executive Officer now total 1,625,403.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BOXL in the last 3 months, the mean price target is $1.75 with high estimates of $2.00 and low estimates of $1.50. In terms of 52-week highs and lows, BOXL has a high of $1.01 and a low of $0.26.

As of this writing, BOXL has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter, which was 20.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BOXL’s latest balance sheet shows that the firm has $17.94M in Cash & Short Term Investments as of fiscal 2021. There were $51.94M in debt and $55.20M in liabilities at the time. Its Book Value Per Share was $0.66, while its Total Shareholder’s Equity was $81.81M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BOXL is Buy with a score of 5.00.

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