BOXABL (NASDAQ:BXBL) Sets New 12-Month Low – Here’s Why

Shares of BOXABL Inc. (NASDAQ:BXBL) hit a new 52-week low on Wednesday. The company traded as low as $2.61 and last traded at $2.6750, with a volume of 43,787 shares changing hands. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

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

BOXABL Trading Up 4.2%

The company has a market capitalization of $478.27 million, a P/E ratio of -1.45 and a beta of 0.47. The company has a 50-day simple moving average of $3.63.

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

BOXABL Company Profile

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.