Boxlight (NASDAQ:BOXL – Get Free Report) announced its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of ($20.16) by $20.50, FiscalAI reports. The business had revenue of $25.92 million for the quarter, compared to analyst estimates of $30.85 million.
Boxlight Stock Performance
Shares of BOXL stock opened at $7.87 on Thursday. The business has a fifty day moving average of $4.05 and a 200 day moving average of $6.06. Boxlight has a 1 year low of $2.59 and a 1 year high of $365.40. The company has a debt-to-equity ratio of 26.20, a current ratio of 1.63 and a quick ratio of 0.72. The firm has a market capitalization of $5.43 million, a price-to-earnings ratio of -0.06 and a beta of 0.81.
Analysts Set New Price Targets
Several brokerages have weighed in on BOXL. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a report on Monday, July 6th. Wall Street Zen upgraded shares of Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Boxlight stock. Scientech Research LLC acquired a new position in Boxlight Corporation (NASDAQ:BOXL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned about 0.52% of Boxlight as of its most recent SEC filing. 6.49% of the stock is currently owned by institutional investors and hedge funds.
Boxlight Company Profile
Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.
Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.
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