BOXABL (NASDAQ:BXBL) Reaches New 12-Month Low – What’s Next?

BOXABL Inc. (NASDAQ:BXBL) hit a new 52-week low during trading on Wednesday. The company traded as low as $2.75 and last traded at $2.81, with a volume of 54,281 shares trading hands. The stock had previously closed at $2.81.

Analysts Set New Price Targets

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

BOXABL Stock Performance

The stock’s 50 day moving average is $3.80.

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

About BOXABL

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.