Is Box Inc (NYSE: BOX) Back In The Buying Zone?

Currently, there are 144.35M common shares owned by the public and among those 139.57M shares have been available to trade.

The company’s stock has a 5-day price change of 2.02% and 15.10% over the past three months. BOX shares are trading 12.53% year to date (YTD), with the 12-month market performance down to -5.51% lower. It has a 12-month low price of $23.29 and touched a high of $30.94 over the same period. BOX has an average intraday trading volume of 1.64 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 3.94%, 7.32%, and 8.26% respectively.

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Institutional ownership of Box Inc (NYSE: BOX) shares accounts for 98.08% of the company’s 144.35M shares outstanding.

It has a market capitalization of $4.19B and a beta (3y monthly) value of 0.84. The stock’s trailing 12-month PE ratio is 39.55, while the earnings-per-share (ttm) stands at $0.73. The company has a PEG of 1.98 and a Quick Ratio of 1.26 with the debt-to-equity ratio at 5.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 1.84% over the month.

Earnings per share for the fiscal year are expected to increase by 8.95%, and 12.33% over the next financial year.

Looking at the support for the BOX, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on May 22, 2024, with the firm’s price target at $35-$32. UBS coverage for the Box Inc (BOX) stock in a research note released on December 15, 2023 offered a Buy rating with a price target of $36. Craig Hallum was of a view on August 30, 2023 that the stock is Hold, while RBC Capital Mkts gave the stock Underperform rating on January 10, 2023, issuing a price target of $28- $24. JP Morgan on their part issued Overweight rating on December 12, 2022.

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