BOXABL (NASDAQ:BXBL) Stock Falls 6.5% – Time to Sell?

BOXABL Inc. (NASDAQ:BXBL) traded down 6.5% during trading on Tuesday. The stock traded as low as $3.75 and last traded at $3.6480. 44,788 shares traded hands during trading, a decline of 75% from the average daily volume of 176,646 shares. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BXBL. Weiss Ratings raised shares of BOXABL from a “sell (e-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Wall Street Zen raised BOXABL from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

BOXABL Stock Down 2.7%

The stock has a market capitalization of $916.70 million, a price-to-earnings ratio of -2.75 and a beta of 0.39. The stock has a 50-day simple moving average of $4.43.

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

Institutional Investors Weigh In On BOXABL

An institutional investor recently raised its position in BOXABL stock. Highbridge Capital Management LLC grew its stake in BOXABL Inc. (NASDAQ:BXBL) by 119.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,889 shares of the modular housing company’s stock after buying an additional 305,282 shares during the period. 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.