Boxlight (NASDAQ:BOXL) has been given a $11.00 target price by Maxim Group in a report released on Friday, TipRanks reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price target suggests a potential upside of 208.99% from the stock’s current price.
A number of other analysts also recently issued reports on BOXL. Zacks Investment Research raised Boxlight from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Boxlight in a research note on Friday, April 5th. Finally, ValuEngine downgraded Boxlight from a “buy” rating to a “hold” rating in a research note on Monday, May 13th.
BOXL traded down $0.02 on Friday, hitting $3.56. 119,000 shares of the company’s stock traded hands, compared to its average volume of 888,996. The company has a market capitalization of $36.96 million, a PE ratio of -9.13 and a beta of 6.98. Boxlight has a one year low of $1.14 and a one year high of $9.68. The company has a current ratio of 0.66, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36.
Boxlight (NASDAQ:BOXL) last issued its earnings results on Thursday, May 16th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.07). The business had revenue of $5.01 million for the quarter, compared to the consensus estimate of $7.21 million. Boxlight had a negative net margin of 29.74% and a negative return on equity of 76.32%. Equities research analysts predict that Boxlight will post -0.37 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Morgan Stanley bought a new stake in Boxlight in the 1st quarter worth approximately $27,000. Virtu Financial LLC bought a new stake in Boxlight in the 1st quarter worth approximately $115,000. Geode Capital Management LLC bought a new stake in Boxlight in the 4th quarter worth approximately $45,000. Vanguard Group Inc. increased its stake in Boxlight by 102.6% in the 3rd quarter. Vanguard Group Inc. now owns 54,226 shares of the company’s stock worth $158,000 after acquiring an additional 27,457 shares during the last quarter. Finally, Vanguard Group Inc increased its stake in Boxlight by 102.6% in the 3rd quarter. Vanguard Group Inc now owns 54,226 shares of the company’s stock worth $158,000 after acquiring an additional 27,457 shares during the last quarter. 2.57% of the stock is currently owned by institutional investors and hedge funds.
Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
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