HC Wainwright Has Weak Forecast for Boxlight FY2024 Earnings

Boxlight Co. (NASDAQ:BOXL) – Investment analysts at HC Wainwright cut their FY2024 earnings per share estimates for Boxlight in a research note issued on Thursday, November 14th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings per share of ($1.47) for the year, down from their previous estimate of ($1.26). HC Wainwright has a “Buy” rating and a $1.00 price target on the stock. The consensus estimate for Boxlight’s current full-year earnings is ($1.47) per share. HC Wainwright also issued estimates for Boxlight’s FY2025 earnings at ($1.20) EPS.

Separately, Alliance Global Partners lowered shares of Boxlight from a “buy” rating to a “neutral” rating in a research report on Thursday.

Boxlight Price Performance

Shares of NASDAQ BOXL opened at $0.41 on Monday. The company has a debt-to-equity ratio of 4.96, a current ratio of 2.21 and a quick ratio of 1.23. The firm’s 50 day simple moving average is $0.47 and its 200-day simple moving average is $0.56. Boxlight has a 12 month low of $0.41 and a 12 month high of $1.16. The stock has a market capitalization of $4.04 million, a price-to-earnings ratio of -0.13 and a beta of 1.32.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.