BOXABL (NASDAQ:BXBL) Stock Price Down 7.3% – What’s Next?

Shares of BOXABL Inc. (NASDAQ:BXBL) were down 7.3% on Thursday. The stock traded as low as $2.51 and last traded at $2.40. 30,092 shares traded hands during trading, a decline of 82% from the average daily volume of 168,526 shares. The stock had previously closed at $2.59.

Analyst Ratings Changes

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

BOXABL Price Performance

The stock’s fifty day simple moving average is $3.67. The firm has a market capitalization of $543.74 million, a PE ratio of -1.65 and a beta of 0.47.

BOXABL (NASDAQ:BXBL) last released its earnings results on Friday, August 21st. The modular housing company reported ($1.38) earnings per share (EPS) for the quarter.

BOXABL Company Profile

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.