Box, Inc. (BOX) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $21.12, down from yesterday’s close by -0.56%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Box, Inc. (BOX) currently trades with a market capitalization of $2.89 Billion. That value represents a market adjusting for revenues that have been growing by 25.77 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $21.71 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of -$0.08 on a per share basis this quarter. Perhaps, that suggests something about why 0.62% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how BOX has been acting. Looking at the stock’s movement on the chart, Box, Inc. recorded a 52-week high of $24.10. It is now trading 2.98% off that level. The stock is trading $21.51 its 50-day moving average by 0.39%. The stock carved out a 52-week low down at $13.67.
In recent action, Box, Inc. (BOX) has made a move of +0.43% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.08% with $120.15 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BOX.