BOXABL (NASDAQ:BXBL) Shares Gap Down – Here’s Why

BOXABL Inc. (NASDAQ:BXBL) shares gapped down before the market opened on Tuesday. The stock had previously closed at $3.00, but opened at $2.81. BOXABL shares last traded at $2.8310, with a volume of 13,837 shares.

Wall Street Analysts Forecast Growth

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

BOXABL Price Performance

The company has a market capitalization of $688.18 million, a PE ratio of -2.06 and a beta of 0.47. The company has a 50-day simple moving average of $3.77.

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