BOXABL (NASDAQ:BXBL) Stock Falls 7.3% – Should You Sell?

BOXABL Inc. (NASDAQ:BXBL)’s share price traded down 7.3% during trading on Thursday. The company traded as low as $2.51 and last traded at $2.40. 30,092 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 168,526 shares. The stock had previously closed at $2.59.

Analysts Set New Price Targets

BXBL has been the topic of several recent analyst reports. Weiss Ratings raised shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Wall Street Zen raised shares of BOXABL from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

BOXABL Stock Performance

The stock has a 50-day simple moving average of $3.67. The company has a market capitalization of $543.74 million, a P/E ratio of -1.65 and a beta of 0.47.

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

About BOXABL

BOXABL is a housing technology company focused on developing prefabricated, modular building systems. Its approach is designed to move much of the construction process into a controlled factory environment, with the goal of making building more standardized, efficient and easier to transport than conventional on-site construction.

The company’s best-known product is the Casita, a compact modular housing unit that is manufactured in sections and designed for delivery and installation at a customer’s site.