In yesterday’s Wall Street session, Box Inc (NYSE:BOX) shares traded at $24.21, up 1.00% from the previous session.
13 analysts cover Box Inc (NYSE:BOX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $21.00, we find $30.50. Given the previous closing price of $23.97, this indicates a potential upside of 27.24 percent. BOX stock price is now -3.99% away from the 50-day moving average and -11.71% away from the 200-day moving average. The market capitalization of the company currently stands at $3.49B.
The stock has received a hold rating from 3 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $29.97 as their price target over the next twelve months.
In other news, Smith Dylan C, Chief Financial Officer sold 13,000 shares of the company’s stock on Nov 10. The stock was sold for $328,848 at an average price of $25.30. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,464,437 shares in the company, valued at $35.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 10, Chief Financial Officer Smith Dylan C sold 13,000 shares of the business’s stock. A total of $330,993 was realized by selling the stock at an average price of $25.46. This leaves the insider owning 1,477,437 shares of the company worth $35.77 million. Insiders disposed of 703,061 shares of company stock worth roughly $17.02 million over the past 1 year. A total of 3.85% of the company’s stock is owned by insiders.
On Thursday morning Box Inc (NYSE: BOX) stock kicked off with the opening price of $23.96. During the past 12 months, Box Inc has had a low of $23.29 and a high of $34.98. According to the stock market information, the enterprise value for the company is $4.02B, which is based on a 123.33 price-to-earnings ratio, a 6.60 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for BOX is $25.22 and a two-hundred day moving average price translates $27.42 for the stock.
The latest earnings results from Box Inc (NYSE: BOX) was released for Oct, 2023. The net profit margin was 2.85% and return on equity was 90.89% for BOX. The company reported revenue of $261.54 million for the quarter, compared to $249.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.64 percent.
Box Inc(BOX) Company Profile
Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It also offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities. As of January 31, 2023, the company had approximately 100,000 paying organizations, and its solution was offered in 25 languages. It serves financial services, health care, government, and legal services industries in the United States and internationally. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in San Francisco Bay Area, California.
