BOXABL (NASDAQ:BXBL) Shares Gap Up – Time to Buy?

BOXABL Inc. (NASDAQ:BXBL)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.07, but opened at $4.29. BOXABL shares last traded at $4.18, with a volume of 71,857 shares traded.

Analysts Set New Price Targets

BXBL has been the subject of several recent analyst reports. Wall Street Zen raised BOXABL from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings reissued a “sell (d)” rating on shares of BOXABL in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, BOXABL currently has a consensus rating of “Sell”.

BOXABL Price Performance

The company has a market cap of $1.03 billion, a PE ratio of 428.10 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Highbridge Capital Management LLC lifted 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 acquiring an additional 305,282 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of BOXABL by 15.8% in the 4th quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company’s stock worth $1,909,000 after acquiring an additional 25,875 shares in the last quarter. Rivernorth Capital Management LLC raised its holdings in shares of BOXABL by 28.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 642,969 shares of the modular housing company’s stock valued at $6,455,000 after purchasing an additional 142,969 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of BOXABL by 19.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 254,099 shares of the modular housing company’s stock valued at $2,551,000 after purchasing an additional 41,683 shares in the last quarter. Finally, DLD Asset Management LP lifted its position in shares of BOXABL by 10.7% during the fourth quarter. DLD Asset Management LP now owns 110,725 shares of the modular housing company’s stock valued at $1,112,000 after purchasing an additional 10,725 shares in the last quarter.

About BOXABL

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.