BOXABL (NASDAQ:BXBL) Trading Down 7.6% – Time to Sell?

BOXABL Inc. (NASDAQ:BXBL) shares fell 7.6% during mid-day trading on Thursday . The stock traded as low as $4.09 and last traded at $4.0270. 23,089 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 176,401 shares. The stock had previously closed at $4.36.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BXBL shares. Wall Street Zen raised shares of BOXABL from a “sell” rating to a “hold” rating in a research 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, Based on data from MarketBeat, BOXABL currently has a consensus rating of “Sell”.

BOXABL Stock Down 3.0%

The company has a market capitalization of $951.47 million, a P/E ratio of -2.86 and a beta of 0.39.

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

Institutional Trading of BOXABL

Several hedge funds have recently bought and sold shares of the company. DLD Asset Management LP grew its position in BOXABL by 10.7% in the 4th quarter. DLD Asset Management LP now owns 110,725 shares of the modular housing company’s stock worth $1,112,000 after purchasing an additional 10,725 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of BOXABL during the second quarter valued at approximately $115,000. Toronto Dominion Bank raised its holdings in shares of BOXABL by 15.8% during the fourth quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company’s stock valued at $1,909,000 after buying an additional 25,875 shares during the last quarter. Crossingbridge Advisors LLC boosted its position in shares of BOXABL by 148.8% during the fourth 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 period. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of BOXABL by 19.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 254,099 shares of the modular housing company’s stock worth $2,551,000 after buying an additional 41,683 shares during the period.

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.