BOXABL (NASDAQ:BXBL) Shares Climb 7.6% – Still a Buy?

Shares of BOXABL Inc. (NASDAQ:BXBL) were up 7.6% during trading on Thursday. The company traded as high as $2.99 and last traded at $3.0240. 13,422 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 170,452 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

BXBL has been the topic of several recent analyst reports. 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 research report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

BOXABL Price Performance

The stock has a fifty day moving average price of $3.77. The company has a market cap of $724.65 million, a price-to-earnings ratio of -2.17 and a beta of 0.47.

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