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 $27.65, up from yesterday’s close by 0.40%. 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 $3.84 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 $50 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 0.56% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how BOX has been acting. Looking at the stock’s movement on the chart, Box, Inc. recorded a 52-week high of $28.68. It is now trading 1.03% off that level. The stock is trading $22.31 its 50-day moving average by -5.34%. The stock carved out a 52-week low down at $16.76.
In recent action, Box, Inc. (BOX) has made a move of +29.93% 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 14.61, and it’s gotten there by action that has been more 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 7.57% with $115.10 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BOX.