Box (BOX) : Traders are bullish on Box (BOX) as it has outperformed the S&P 500 by a wide margin of 12.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.44%, 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 8.61% in the last 1 week, and is up 11.46% 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 8.44% and the 50-Day Moving Average is 19.55%.The 200 Day SMA reached 30.23%
Box (NYSE:BOX): After opening at $15.31, the stock dipped to an intraday low of $15.31 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $15.85 and the buying power remained strong till the end. The stock closed at $15.76 for the day, a gain of 3.62% for the day session. The total traded volume was 2,071,923. The stocks close on the previous trading day was $15.76.
Box (BOX) has been rated by 9 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 $16.78 and the expected standard deviation is $2.59.
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.