BOXABL (NASDAQ:BXBL) Sets New 52-Week Low – Here’s What Happened

BOXABL Inc. (NASDAQ:BXBL)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $2.61 and last traded at $2.6750, with a volume of 43,787 shares changing hands. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

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

BOXABL Trading Down 0.7%

The stock has a market capitalization of $652.18 million, a price-to-earnings ratio of -1.96 and a beta of 0.47. The company’s 50 day moving average is $3.70.

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