BOXABL (NASDAQ:BXBL) Stock Price Up 5.1% – Here’s Why

Shares of BOXABL Inc. (NASDAQ:BXBL) traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as $4.20 and last traded at $4.09. Approximately 165,130 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 175,120 shares. The stock had previously closed at $3.89.

Analysts Set New Price Targets

Several research firms recently weighed in on BXBL. Wall Street Zen upgraded BOXABL from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings downgraded shares of BOXABL from a “sell (d)” rating to a “sell (e-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

BOXABL Stock Performance

The stock has a market cap of $978.05 million, a price-to-earnings ratio of 405.00 and a beta of 0.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new position in shares of BOXABL in the 2nd quarter worth $115,000. Crossingbridge Advisors LLC grew its stake in BOXABL by 148.8% in the fourth quarter. Crossingbridge Advisors LLC now owns 60,904 shares of the modular housing company’s stock valued at $610,000 after purchasing an additional 36,424 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in BOXABL in the second quarter worth about $789,000. DLD Asset Management LP grew its position in shares of BOXABL by 10.7% in the 4th quarter. DLD Asset Management LP now owns 110,725 shares of the modular housing company’s stock worth $1,112,000 after buying an additional 10,725 shares during the last quarter. Finally, Quarry LP raised its stake in shares of BOXABL by 128.8% during the 3rd quarter. Quarry LP now owns 177,635 shares of the modular housing company’s stock worth $1,775,000 after acquiring an additional 100,000 shares in the last quarter.

BOXABL Company Profile

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.