BOXABL (NASDAQ:BXBL) Shares Down 7.6% – Should You Sell?

BOXABL Inc. (NASDAQ:BXBL) traded down 7.6% on Monday . The company traded as low as $4.11 and last traded at $4.1140. Approximately 113,325 shares changed hands during trading, a decline of 35% from the average daily volume of 174,111 shares. The stock had previously closed at $4.45.

Wall Street Analyst Weigh In

BXBL has been the subject of several recent research reports. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded BOXABL from a “sell (d)” rating to a “sell (e-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, BOXABL has a consensus rating of “Sell”.

BOXABL Price Performance

The company has a market cap of $1.03 billion, a P/E ratio of 427.00 and a beta of 0.46.

Institutional Investors Weigh In On BOXABL

Several institutional investors have recently modified their holdings of BXBL. Highbridge Capital Management LLC raised its position in BOXABL by 119.9% in the 4th quarter. Highbridge Capital Management LLC now owns 559,889 shares of the modular housing company’s stock worth $5,621,000 after buying an additional 305,282 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of BOXABL by 15.8% in the fourth quarter. Toronto Dominion Bank now owns 190,113 shares of the modular housing company’s stock worth $1,909,000 after acquiring an additional 25,875 shares during the period. Rivernorth Capital Management LLC raised its holdings in shares of BOXABL by 28.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 642,969 shares of the modular housing company’s stock valued at $6,455,000 after purchasing an additional 142,969 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in BOXABL by 19.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 254,099 shares of the modular housing company’s stock valued at $2,551,000 after purchasing an additional 41,683 shares during the period. Finally, DLD Asset Management LP lifted its position in BOXABL by 10.7% during the fourth quarter. DLD Asset Management LP now owns 110,725 shares of the modular housing company’s stock valued at $1,112,000 after purchasing an additional 10,725 shares during the period.

About BOXABL

BOXABL Inc develops factory-built modular building systems designed to reduce the time, labor and transportation costs associated with traditional construction. The company’s patented folding technology allows its room-sized building modules to fit within standard highway, rail and shipping dimensions before being transported and unfolded at the installation site.

BOXABL’s flagship product is the Casita, a 361-square-foot studio unit equipped with a full kitchen, bathroom, living area and utility connections.