Boxlight (NASDAQ:BOXL) Issues Quarterly Earnings Results

Boxlight (NASDAQ:BOXL) issued its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($20.16) by $20.50, FiscalAI reports. The firm had revenue of $25.92 million for the quarter, compared to the consensus estimate of $30.85 million.

Boxlight Trading Up 168.6%

Shares of NASDAQ:BOXL traded up $4.94 on Wednesday, reaching $7.87. 64,772,455 shares of the company traded hands, compared to its average volume of 1,113,726. The business’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $6.07. Boxlight has a 52 week low of $2.59 and a 52 week high of $365.40. The stock has a market capitalization of $5.43 million, a P/E ratio of -0.06 and a beta of 0.81. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 26.20.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Scientech Research LLC acquired a new stake in shares of Boxlight Corporation (NASDAQ:BOXL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 6.49% of the company’s stock.

About Boxlight

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.