GreenBox POS (NASDAQ: GBOX) stock jumped 33.16% on Friday to $1.12 against a previous-day closing price of $0.84. With 1.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $1.3300 whereas the lowest price it dropped to was $0.8500. The 52-week range on GBOX shows that it touched its highest point at $10.83 and its lowest point at $0.72 during that stretch. It currently has a 1-year price target of $4.05. Beta for the stock currently stands at 4.38.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GBOX was up-trending over the past week, with a rise of 33.67%, but this was up by 23.42% over a month. Three-month performance dropped to -67.16% while six-month performance fell -69.57%. The stock lost -89.21% in the past year, while it has lost -73.33% so far this year. A look at the trailing 12-month EPS for GBOX yields -0.81 with Next year EPS estimates of -0.25. For the next quarter, that number is -0.20. This implies an EPS growth rate of -287.60% for this year and 74.70% for next year.
Float and Shares Shorts:
At present, 42.11 million GBOX shares are outstanding with a float of 17.77 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.59 million, which was 1.41% higher than short shares on Jun 14, 2022. In addition to Mr. Ben Errez as the firm’s Chairman, Exec. VP, Principal Financial Officer & Principal Accounting Officer, Mr. Fredi Nisan serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 14.39% of GBOX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 58.00% of GBOX, in contrast to 3.67% held by mutual funds. Shares owned by individuals account for 10.90%. As the largest shareholder in GBOX with 2.33% of the stake, SSgA Funds Management, Inc. holds 963,475 shares worth 963,475. A second-largest stockholder of GBOX, BlackRock Fund Advisors, holds 927,610 shares, controlling over 2.24% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in GBOX, holding 591,212 shares or 1.43% stake. With a 0.66% stake in GBOX, the Global X Blockchain ETF is the largest stakeholder. A total of 274,806 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.65% of GBOX stock, is the second-largest Mutual Fund holder. It holds 270,686 shares valued at 0.28 million. Vanguard Extended Market Index Fu holds 0.58% of the stake in GBOX, owning 241,671 shares worth 0.25 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GBOX since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GBOX analysts setting a high price target of $5.00 and a low target of $3.10, the average target price over the next 12 months is $4.05. Based on these targets, GBOX could surge 346.43% to reach the target high and rise by 176.79% to reach the target low. Reaching the average price target will result in a growth of 261.61% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GBOX will report FY 2022 earnings on 03/30/2023. Analysts have provided yearly estimates in a range of -$0.99 being high and -$0.99 being low. For GBOX, this leads to a yearly average estimate of -$0.99. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. GreenBox POS surprised analysts by -$0.01 when it reported -$0.13 EPS against a consensus estimate of -$0.12. The surprise factor in the prior quarter was -$0.15. Based on analyst estimates, the high estimate for the next quarter is -$0.20 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.20.
Summary of Insider Activity:
Insiders traded GBOX stock several times over the past three months with 12 Buys and 3 Sells. In these transactions, 100,241 shares were bought while 11,820 shares were sold. The number of buy transactions has increased to 97 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 701,396 while 138,603 shares were sold.
