BOXABL (NASDAQ:BXBL) Trading Down 7.6% – Here’s What Happened

Shares of BOXABL Inc. (NASDAQ:BXBL) fell 7.6% on Thursday . The company traded as low as $4.09 and last traded at $4.0270. Approximately 23,089 shares traded hands during trading, a decline of 87% from the average daily volume of 176,401 shares. The stock had previously closed at $4.36.

Wall Street Analysts Forecast Growth

Several research firms have commented on BXBL. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, BOXABL presently has a consensus rating of “Sell”.

BOXABL Price Performance

The stock has a market capitalization of $975.63 million, a P/E ratio of -2.94 and a beta of 0.39.

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

Institutional Trading of BOXABL

Several hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC raised its holdings in BOXABL by 119.9% during the fourth quarter. Highbridge Capital Management LLC now owns 559,889 shares of the modular housing company’s stock worth $5,621,000 after purchasing an additional 305,282 shares during the last quarter. Toronto Dominion Bank grew its holdings in BOXABL by 15.8% in the fourth quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company’s stock valued at $1,909,000 after purchasing an additional 25,875 shares during the last quarter. Rivernorth Capital Management LLC increased its position in shares of BOXABL by 28.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 642,969 shares of the modular housing company’s stock valued at $6,455,000 after buying an additional 142,969 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of BOXABL by 19.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 254,099 shares of the modular housing company’s stock valued at $2,551,000 after buying an additional 41,683 shares in the last quarter. Finally, DLD Asset Management LP raised its stake in shares of BOXABL by 10.7% during 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.

About BOXABL

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.