Boxlight Corp (NASDAQ:BOXL) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 317,800 shares, a growth of 31.3% from the December 15th total of 242,000 shares. Based on an average trading volume of 162,600 shares, the days-to-cover ratio is currently 2.0 days. Currently, 6.3% of the company’s stock are sold short.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of Boxlight in the 2nd quarter worth about $33,000. BlackRock Inc. increased its position in shares of Boxlight by 319.9% in the 2nd quarter. BlackRock Inc. now owns 11,660 shares of the company’s stock worth $36,000 after purchasing an additional 8,883 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Boxlight in the 2nd quarter worth about $50,000. Finally, Vanguard Group Inc. increased its position in shares of Boxlight by 188.0% in the 2nd quarter. Vanguard Group Inc. now owns 371,327 shares of the company’s stock worth $1,140,000 after purchasing an additional 242,393 shares during the last quarter. 5.16% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the stock. Maxim Group restated a “buy” rating and set a $6.00 target price on shares of Boxlight in a report on Sunday, October 6th. ValuEngine upgraded shares of Boxlight from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. National Securities assumed coverage on shares of Boxlight in a report on Tuesday, October 22nd. They set a “buy” rating and a $4.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Boxlight from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Boxlight has a consensus rating of “Buy” and an average target price of $4.08.
Boxlight stock opened at $1.20 on Tuesday. Boxlight has a 12-month low of $1.03 and a 12-month high of $4.56. The company has a market capitalization of $13.45 million, a price-to-earnings ratio of -3.08 and a beta of 5.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.73 and a quick ratio of 0.56. The firm’s fifty day moving average price is $1.25 and its 200 day moving average price is $1.99.
Boxlight (NASDAQ:BOXL) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The firm had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $15.81 million. Boxlight had a negative return on equity of 93.01% and a negative net margin of 16.98%. Analysts forecast that Boxlight will post -0.49 earnings per share for the current fiscal year.
Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
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