BOXABL (NASDAQ:BXBL) Shares Gap Up – Should You Buy?

BOXABL Inc. (NASDAQ:BXBLGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.30, but opened at $4.41. BOXABL shares last traded at $4.3190, with a volume of 15,438 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BXBL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of BOXABL in a research report on Friday, May 29th. Wall Street Zen raised BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, BOXABL has an average rating of “Sell”.

Check Out Our Latest Analysis on BXBL

BOXABL Stock Performance

The firm has a market cap of $985.29 million, a PE ratio of 408.00 and a beta of 0.44.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Glazer Capital LLC acquired a new stake in shares of BOXABL during the 2nd quarter valued at approximately $106,000. Berkley W R Corp purchased a new position in BOXABL in the 2nd quarter valued at approximately $634,000. Toronto Dominion Bank raised its holdings in BOXABL by 15.8% during the fourth quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company’s stock worth $1,909,000 after purchasing an additional 25,875 shares during the last quarter. Rivernorth Capital Management LLC raised its holdings in BOXABL by 28.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 642,969 shares of the modular housing company’s stock worth $6,455,000 after purchasing an additional 142,969 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in 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 purchasing an additional 41,683 shares in the last quarter.

BOXABL Company Profile

(Get Free Report)

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.

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