Box (BOX) : Traders are bullish on Box (BOX) as it has outperformed the S&P 500 by a wide margin of 16.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.9% in the last 1 week, and is up 14.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.52% and the 50-Day Moving Average is 19.6%.The 200 Day SMA reached 22.55% Box, Inc. is up 30.76% in the last 3-month period. Year-to-Date the stock performance stands at 5.66%.
Box (BOX) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $21 and the lowest price target forecast is $12. The average forecast of all the analysts is $17 and the expected standard deviation is $2.67.
For the current week, the company shares have a recommendation consensus of Buy. Box (NYSE:BOX): stock was range-bound between the intraday low of $14.61 and the intraday high of $14.93 after having opened at $14.74 on Fridays session. The stock finally closed in the red at $14.74, a loss of -0.74%. The stock remained in the red for the whole trading day. The total traded volume was 5,572,642 shares. The stock failed to cross $14.93 in Fridays trading. The stocks closing price on Thursday was $14.75.
Box, Inc. provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform. The Companys platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally, build workflows and deploy compliance and security features. The Companys platform works across multiple file formats, application environments, operating systems and devices. The Company also delivers industry-specific solutions that focus on customers in industries, such as healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, energy and Government. The Companys platform integrates with the applications of its technology partners, including salesforce.com, NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1,300 iOS and Android third-party applications.