Boxlight Co. (NASDAQ:BOXL) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 2,300,000 shares, an increase of 58.6% from the September 15th total of 1,450,000 shares. Based on an average trading volume of 17,420,000 shares, the short-interest ratio is presently 0.1 days.
BOXL has been the subject of a number of research reports. National Securities boosted their price target on shares of Boxlight from $2.00 to $6.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Zacks Investment Research raised shares of Boxlight from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research report on Monday, August 24th. Maxim Group boosted their price target on shares of Boxlight from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Finally, Alliance Global Partners boosted their price target on shares of Boxlight from $2.75 to $4.00 in a research report on Friday, October 2nd.
Shares of NASDAQ:BOXL traded down $0.06 on Friday, reaching $1.68. The company’s stock had a trading volume of 1,336,031 shares, compared to its average volume of 6,837,321. The stock’s 50-day moving average is $1.64 and its two-hundred day moving average is $1.36. Boxlight has a 52-week low of $0.33 and a 52-week high of $4.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.28 and a quick ratio of 1.07. The stock has a market capitalization of $85.39 million, a P/E ratio of -3.00 and a beta of 4.12.
Boxlight (NASDAQ:BOXL) last announced its earnings results on Friday, August 14th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Boxlight had a negative net margin of 22.74% and a negative return on equity of 172.34%. The business had revenue of $7.83 million during the quarter, compared to analysts’ expectations of $8.80 million. Equities analysts forecast that Boxlight will post -0.01 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in BOXL. Virtu Financial LLC acquired a new position in shares of Boxlight during the second quarter worth about $171,000. UBS Group AG increased its stake in shares of Boxlight by 2,118.7% during the second quarter. UBS Group AG now owns 34,922 shares of the company’s stock worth $32,000 after acquiring an additional 33,348 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Boxlight during the third quarter worth about $33,000. 3.40% of the stock is owned by institutional investors and hedge funds.
Boxlight Company Profile
Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
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