BOXABL (NASDAQ:BXBL) Trading Up 5.1% – Time to Buy?

BOXABL Inc. (NASDAQ:BXBL) traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as $4.20 and last traded at $4.09. Approximately 165,130 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 175,120 shares. The stock had previously closed at $3.89.

Analyst Upgrades and Downgrades

BXBL has been the topic of several recent research reports. Weiss Ratings cut BOXABL from a “sell (d)” rating to a “sell (e-)” rating in a report on Monday, August 24th. Wall Street Zen raised BOXABL from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, BOXABL currently has a consensus rating of “Sell”.

BOXABL Price Performance

The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 443.50 and a beta of 0.39.

BOXABL (NASDAQ:BXBL) last released its quarterly earnings results on Friday, August 21st. The modular housing company reported ($1.38) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On BOXABL

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new stake in shares of BOXABL in the 2nd quarter worth approximately $115,000. Crossingbridge Advisors LLC raised its holdings in shares of BOXABL by 148.8% in the fourth quarter. Crossingbridge Advisors LLC now owns 60,904 shares of the modular housing company’s stock worth $610,000 after acquiring an additional 36,424 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of BOXABL in the 2nd quarter worth about $789,000. DLD Asset Management LP raised its stake 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 worth $1,112,000 after acquiring an additional 10,725 shares during the period. Finally, Quarry LP boosted its position in shares of BOXABL by 128.8% in the 3rd quarter. Quarry LP now owns 177,635 shares of the modular housing company’s stock valued at $1,775,000 after purchasing an additional 100,000 shares during the period.

BOXABL Company Profile

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.