Bard Associates, Inc. recently announced the acquisition of new stake in Boxlight Corporation (NASDAQ:BOXL). The institutional investor has increased its shareholding in the Technology company by 941.18% to 0.95 million shares with purchase of 0.86 million shares. This fresh investment now brings its stake to 2.97% valued currently at $2.05 million. In addition, Virtu Financial BD LLC raised its holdings by 0.19 million to 0.19 million shares. And Renaissance Technologies LLC has lifted its position by 398.64% or 66609.0 shares – to 83318.0 shares.
With over 4.85 million Boxlight Corporation (BOXL) shares trading Friday and a closing price of $1.58 on the day, the dollar volume was approximately $7.66 million. The shares have shown a negative weekly performance of -14.13% and its price on 08/28/20 lost nearly -1.25%. Currently, there are 50.12M common shares owned by the public and among those 44.07M shares have been available to trade.
Incidentally, analysts’ outlook for the Boxlight Corporation stock is 1.70 for the next 12 months.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 186,484 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 2,468,708 shares.
The top 3 mutual fund holders in Boxlight Corporation are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Vanguard Institutional Total Stoc. Vanguard Total Stock Market Index owns 0.93 million shares of the company’s stock, all valued at over $2.02 million. The company bought an additional 0.66 million shares recently to bring their total holdings to about 2.93% of the shares outstanding. Vanguard Extended Market Index Fu bought 0.15 million shares to see its total holdings expand to 0.22 million shares valued at over $0.47 million and representing 0.68% of the shares outstanding. Vanguard Institutional Total Stoc bought 39864.0 shares to bring its total holdings to over 39864.0 shares at a value of $86106.0. Vanguard Institutional Total Stoc now owns shares totaling to 0.13% of the shares outstanding.
Shares of Boxlight Corporation (NASDAQ: BOXL) opened at $1.57, down -$0.03 from a prior closing price of $1.60. However, the script later closed the day at $1.58, down -1.25%. The company’s stock has a 5-day price change of -14.13% and 70.77% over the past three months. BOXL shares are trading 42.34% year to date (YTD), with the 12-month market performance down to -27.19% lower. It has a 12-month low price of $0.33 and touched a high of $4.65 over the same period. Currently, 4.85 million shares have been traded, compared to an average intraday trading volume of 17.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -22.07%, -15.39%, and 29.27% respectively.
Institutional ownership of Boxlight Corporation (NASDAQ: BOXL) shares accounts for 9.40% of the company’s 50.12M shares outstanding. Mutual fund holders own 15.34%, while other institutional holders and individual stakeholders account for 4.00% and 1.35% respectively.
It has a market capitalization of $80.20M. The earnings-per-share (ttm) stands at -$0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.23% over the week and 9.86% over the month.
Analysts forecast that Boxlight Corporation (BOXL) will achieve an EPS of -$0.02 for the current quarter, -$0.07 for the next quarter and -$0.1 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -21.60%, and 53.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Boxlight Corporation (BOXL) as a “Strong Buy” at a consensus score of 1.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BOXL, a number of firms have released research notes about the stock. National Securities stated their Buy rating for the stock in a research note on May 19, 2020, with the firm’s price target at. National Securities coverage for the Boxlight Corporation (BOXL) stock in a research note released on March 23, 2020 offered a Neutral rating with a price target of.