Box, Inc. (BOX): What’s the Story?

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 $20.76, down from yesterday’s close by -0.81%. 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 $2.80 Billion. That value represents a market adjusting for revenues that have been growing by 24.33 % 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 grow in coming quarters. Analysts are forecasting earnings of -$0.08 on a per share basis this quarter. Perhaps, that suggests something about why 0.59% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Box, Inc. recorded a 52-week high of $24.50. It is now trading 3.74% off that level. The stock is trading $21.60 its 50-day moving average by 0.84%. The stock carved out a 52-week low down at $15.73.

In recent action, Box, Inc. (BOX) has made a move of +2.62% 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 17.8, 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 4.22% with $118.85 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BOX.

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