Boxlight (NASDAQ:BOXL) Announces Quarterly Earnings Results

Boxlight (NASDAQ:BOXL) issued its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($20.16) by $20.50, FiscalAI reports. The firm had revenue of $25.92 million during the quarter, compared to the consensus estimate of $30.85 million.

Boxlight Stock Performance

Shares of NASDAQ BOXL traded up $4.94 during midday trading on Wednesday, hitting $7.87. 65,225,760 shares of the stock traded hands, compared to its average volume of 1,122,148. The firm has a market capitalization of $5.43 million, a P/E ratio of -0.06 and a beta of 0.81. Boxlight has a one year low of $2.59 and a one year high of $365.40. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63. The firm has a 50-day moving average of $4.00 and a two-hundred day moving average of $6.07.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BOXL. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. Wall Street Zen raised Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Boxlight

An institutional investor recently bought a new stake in Boxlight stock. Scientech Research LLC bought a new stake in Boxlight Corporation (NASDAQ:BOXL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight as of its most recent filing with the Securities & Exchange Commission. 6.49% of the stock is owned by hedge funds and other institutional investors.

About Boxlight

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.