Boxed Inc. (NYSE: BOXD) stock jumped 3.74% on Tuesday to $0.58 against a previous-day closing price of $0.56. With 3.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.02 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.6130 whereas the lowest price it dropped to was $0.5000. The 52-week range on BOXD shows that it touched its highest point at $12.45 and its lowest point at $0.18 during that stretch. It currently has a 1-year price target of $2.23.
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 BOXD was down-trending over the past week, with a drop of -0.65%, but this was up by 168.91% over a month. Three-month performance dropped to -12.29% while six-month performance fell -69.95%. The stock lost -95.02% in the past year, while it has gained 199.13% so far this year. A look at the trailing 12-month EPS for BOXD yields -3.24 with Next year EPS estimates of -0.90. For the next quarter, that number is -0.25. This implies an EPS growth rate of -101.00% for this year and 45.80% for next year.
Float and Shares Shorts:
At present, 70.56 million BOXD shares are outstanding with a float of 60.19 million shares on hand for trading. On Dec 29, 2022, short shares totaled 2.87 million, which was 3.95% higher than short shares on Nov 29, 2022. In addition to Mr. Chieh Huang J.D. as the firm’s Co-Founder, CEO, Pres & Director, Mr. Mark Zimowski serves as its CFO & Treasurer.
Through their ownership of 32.04% of BOXD’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 18.31% of BOXD, in contrast to 10.59% held by mutual funds. Shares owned by individuals account for 10.28%. As the largest shareholder in BOXD with 5.17% of the stake, The Vanguard Group, Inc. holds 3,757,128 shares worth 3,757,128. A second-largest stockholder of BOXD, BlackRock Fund Advisors, holds 2,742,163 shares, controlling over 3.77% of the firm’s shares. Koch Industries, Inc. is the third largest shareholder in BOXD, holding 2,179,618 shares or 3.00% stake. With a 3.96% stake in BOXD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,879,590 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.50% of BOXD stock, is the second-largest Mutual Fund holder. It holds 1,093,048 shares valued at 0.21 million. Vanguard Extended Market Index Fu holds 0.90% of the stake in BOXD, owning 654,658 shares worth 0.13 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, BOXD reported revenue of $43.67M and operating income of -$28.09M. The EBITDA in the recently reported quarter was -$26.90M and diluted EPS was -$0.47.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BOXD since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 BOXD analysts setting a high price target of $4.00 and a low target of $0.70, the average target price over the next 12 months is $2.23. Based on these targets, BOXD could surge 589.66% to reach the target high and rise by 20.69% to reach the target low. Reaching the average price target will result in a growth of 284.48% 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. BOXD will report FY 2022 earnings on 03/13/2024. Analysts have provided yearly estimates in a range of -$1.45 being high and -$1.68 being low. For BOXD, this leads to a yearly average estimate of -$1.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Boxed Inc. surprised analysts by -$0.03 when it reported -$0.37 EPS against a consensus estimate of -$0.34. The surprise factor in the prior quarter was -$0.09. Based on analyst estimates, the high estimate for the next quarter is -$0.28 and the low estimate is -$0.30. The average estimate for the next quarter is thus -$0.29.
Summary of Insider Activity:
Insiders traded BOXD stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 503,201 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 814,618 while 0 shares were sold.