The price of Boxed Inc. (NYSE:BOXD) shares last traded on Wall Street rose 41.00% to $0.27.
Based on available information, 4 analysts follow Boxed Inc. (NYSE:BOXD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $0.70, we find $2.00. Given the previous closing price of $0.19, this indicates a potential upside of 952.63 percent. BOXD stock price is now -36.93% away from the 50-day moving average and -92.24% away from the 200-day moving average. The market capitalization of the company currently stands at $20.15M.
Among analysts, 2 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $2.23 as their price target over the next twelve months.
With the price target reduced from $12 to $2, Citigroup Downgraded its rating from Buy to Neutral for Boxed Inc. (NYSE: BOXD). On July 13, 2022, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $8, while ‘Citigroup’ rates the stock as ‘Buy’.
In other news, LIU DAVID, Director bought 20,000 shares of the company’s stock on Jun 16. The stock was bought for $33,284 at an average price of $1.66. Upon completion of the transaction, the Director now directly owns 20,000 shares in the company, valued at $5400.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15, Chief Executive Officer Huang Chieh E. bought 10,000 shares of the business’s stock. A total of $16,492 was incurred on buying the stock at an average price of $1.65. This leaves the insider owning 2,305,813 shares of the company worth $0.62 million. Insiders disposed of 5,120,300 shares of company stock worth roughly $1.38 million over the past 1 year. A total of 3.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BOXD stock. A new stake in Boxed Inc. shares was purchased by BRIDGEWAY CAPITAL MANAGEMENT, LLC during the first quarter worth $80,000. NUVEEN ASSET MANAGEMENT, LLC invested $22,000 in shares of BOXD during the first quarter. In the first quarter, LINCOLN NATIONAL CORP acquired a new stake in Boxed Inc. valued at approximately $20,000. SG AMERICAS SECURITIES, LLC acquired a new stake in BOXD for approximately $13,000. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. purchased a new stake in BOXD valued at around $12,000 in the second quarter. In total, there are 103 active investors with 32.70% ownership of the company’s stock.
A candlestick chart of Boxed Inc. (NYSE: BOXD) showed a price of $0.2100 on Tuesday morning. During the past 12 months, Boxed Inc. has had a low of $0.18 and a high of $14.71. The fifty day moving average price for BOXD is $0.4358 and a two-hundred day moving average price translates $3.5413 for the stock.
The latest earnings results from Boxed Inc. (NYSE: BOXD) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at -$0.47, missing analysts’ expectations of -$0.3 by -0.17. This compares to -$0.62 EPS in the same period last year. The company reported revenue of $41.65 million for the quarter, compared to $49.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.01 percent. For the current quarter, analysts expect BOXD to generate $39.3M in revenue.
Boxed Inc.(BOXD) Company Profile
Boxed, Inc. operates as an e-commerce retailer and an e-commerce enabler in the continental United States. The company through its e-commerce retail service provides branded and private labelled bulk pantry consumables, such as paper products, snacks, beverages, cleaning supplies, etc. to B2C and B2B customers, vendors, and enterprise retailers, as well as household customers. It also provides Boxed IQ, a content management suite, programmatic cost-per-click ad-platform, and vendor portal data suite, that offers vendors, suppliers, and CPG manufacturers the ability to advertise their products to customers, and access customer data and feedback in real-time; on-demand grocery services; and an enterprise-level e-commerce platform. Boxed, Inc. was founded in 2013 and is headquartered in New York, New York.