BOXABL (NASDAQ:BXBL) Sees Unusually-High Trading Volume – What’s Next?

BOXABL Inc. (NASDAQ:BXBLGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 247,217 shares changed hands during trading, an increase of 41% from the previous session’s volume of 175,483 shares.The stock last traded at $4.21 and had previously closed at $4.35.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BXBL. Weiss Ratings raised shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Check Out Our Latest Report on BOXABL

BOXABL Price Performance

The firm has a market capitalization of $1.05 billion, a PE ratio of -3.16 and a beta of 0.39.

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

Institutional Investors Weigh In On BOXABL

A number of hedge funds and other institutional investors have recently modified their holdings of BXBL. Rivernorth Capital Management LLC lifted its holdings in BOXABL by 28.6% in 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 period. Highbridge Capital Management LLC increased its stake in BOXABL by 119.9% during the 4th quarter. Highbridge Capital Management LLC now owns 559,889 shares of the modular housing company’s stock valued at $5,621,000 after buying an additional 305,282 shares during the period. Schonfeld Strategic Advisors LLC raised its position in shares of BOXABL by 19.6% during the 4th 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 in the last quarter. Toronto Dominion Bank raised its position in shares of BOXABL by 15.8% during the 4th quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company’s stock worth $1,909,000 after buying an additional 25,875 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of BOXABL by 128.8% in the 3rd quarter. Quarry LP now owns 177,635 shares of the modular housing company’s stock worth $1,775,000 after acquiring an additional 100,000 shares during the period.

About BOXABL

(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.

Further Reading

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