Boxlight (NASDAQ:BOXL) Releases Quarterly Earnings Results, Beats Estimates By $20.50 EPS

Boxlight (NASDAQ:BOXL) posted its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of ($20.16) by $20.50, FiscalAI reports. The business had revenue of $25.92 million during the quarter, compared to the consensus estimate of $30.85 million.

Boxlight Stock Up 168.6%

Shares of BOXL traded up $4.94 on Wednesday, reaching $7.87. The stock had a trading volume of 64,772,455 shares, compared to its average volume of 1,113,726. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63. Boxlight has a 12-month low of $2.59 and a 12-month high of $365.40. The firm has a market capitalization of $5.43 million, a price-to-earnings ratio of -0.06 and a beta of 0.81. The company has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $6.07.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BOXL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research note on Monday, July 6th. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Boxlight presently has an average rating of “Sell”.

Hedge Funds Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Scientech Research LLC bought a new stake in shares of Boxlight Corporation (NASDAQ:BOXL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned approximately 0.52% of Boxlight at the end of the most recent quarter. Hedge funds and other institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.