BOXABL (NASDAQ:BXBL) Trading 4.5% Higher – Should You Buy?

BOXABL Inc. (NASDAQ:BXBL)’s share price shot up 4.5% during trading on Tuesday . The stock traded as high as $4.08 and last traded at $4.16. Approximately 26,351 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 176,770 shares. The stock had previously closed at $3.98.

Analyst Upgrades and Downgrades

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

BOXABL Stock Performance

The stock has a 50-day simple moving average of $4.62. The company has a market capitalization of $961.13 million, a P/E ratio of -2.88 and a beta of 0.39.

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in BOXABL stock. Highbridge Capital Management LLC grew its position in shares of BOXABL Inc. (NASDAQ:BXBL) by 119.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,889 shares of the modular housing company’s stock after purchasing an additional 305,282 shares during the period. Highbridge Capital Management LLC owned 21.53% of BOXABL worth $5,621,000 at the end of the most recent quarter.

About BOXABL

BOXABL, Inc develops and manufactures factory-built modular housing designed to provide faster and potentially more efficient alternatives to conventional site-built construction. Its homes are produced in a controlled manufacturing environment, then transported to a property and assembled for residential use.

The company is best known for its Casita modular home, a compact dwelling designed for use as a standalone residence, accessory dwelling unit or other small-footprint housing solution.