BOXABL (NASDAQ:BXBL) Stock Price Up 4.5% – Time to Buy?

Shares of BOXABL Inc. (NASDAQ:BXBL) shot up 4.5% during mid-day trading on Tuesday . The company traded as high as $4.08 and last traded at $4.16. Approximately 26,351 shares changed hands during trading, a decline of 85% from the average daily volume of 176,770 shares. The stock had previously closed at $3.98.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings upgraded shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

BOXABL Price Performance

The company’s 50 day moving average price is $4.65. The stock has a market capitalization of $977.79 million, a PE ratio of -2.92 and a beta of 0.39.

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

Hedge Funds Weigh In On BOXABL

A hedge fund recently raised its position in BOXABL stock. Highbridge Capital Management LLC increased its holdings in BOXABL Inc. (NASDAQ:BXBL) by 119.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 559,889 shares of the modular housing company’s stock after purchasing an additional 305,282 shares during the quarter. Highbridge Capital Management LLC owned approximately 21.53% of BOXABL worth $5,621,000 at the end of the most recent reporting period.

BOXABL Company Profile

BOXABL, Inc develops and manufactures factory-built modular housing designed to provide faster and potentially more efficient alternatives to conventional site-built construction. Its homes are produced in a controlled manufacturing environment, then transported to a property and assembled for residential use.

The company is best known for its Casita modular home, a compact dwelling designed for use as a standalone residence, accessory dwelling unit or other small-footprint housing solution.