What Will Happen to Box Inc (BOX) Next? The Stock Formed a Several Months Descending Triangle Pattern

September 17, 2017 - By Winifred Garcia

The stock of Box Inc (BOX) formed a descending triangle with $19.38 target or 5.00 % above today’s $18.46 share price. The 9 months triangle pattern indicates low risk for the $2.47 billion company. If the $19.38 price target is reached, the company will be worth $123.50 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

It closed at $18.46 lastly. It is up 49.74% since September 17, 2016 and is uptrending. It has outperformed by 33.04% the S&P500.

Analysts expect Box Inc (NYSE:BOX) to report $-0.29 EPS on November, 29.They anticipate $0.01 EPS change or 3.33 % from last quarter’s $-0.3 EPS. After having $-0.30 EPS previously, Box Inc’s analysts see -3.33 % EPS growth.

Box Inc (NYSE:BOX) Ratings Coverage

Among 15 analysts covering Box Inc (NYSE:BOX), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Box Inc had 29 analyst reports since July 27, 2015 according to SRatingsIntel. Drexel Hamilton maintained the stock with “Buy” rating in Monday, August 28 report. The stock of Box Inc (NYSE:BOX) earned “Hold” rating by Stifel Nicolaus on Monday, July 3. Credit Suisse maintained the shares of BOX in report on Tuesday, January 19 with “Outperform” rating. Drexel Hamilton maintained it with “Buy” rating and $2600 target in Tuesday, May 30 report. The stock of Box Inc (NYSE:BOX) has “Overweight” rating given on Monday, July 27 by Pacific Crest. The firm earned “Outperform” rating on Wednesday, January 11 by Wells Fargo. The firm earned “Buy” rating on Thursday, August 31 by KeyBanc Capital Markets. The stock of Box Inc (NYSE:BOX) earned “Buy” rating by Rosenblatt on Monday, July 17. On Tuesday, August 15 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Overweight” rating given on Thursday, June 1 by Mitsubishi UFJ Financial Group.

More notable recent Box Inc (NYSE:BOX) news were published by: Marketwatch.com which released: “Box shares drop despite earnings beat” on August 30, 2017, also Investorplace.com with their article: “Box Inc Continues to Enrich AI Platform, Partners With Google Cloud” published on August 24, 2017, Nasdaq.com published: “Box, Inc (BOX) to Report Q2 Earnings: What’s in the Cards?” on August 28, 2017. More interesting news about Box Inc (NYSE:BOX) were released by: Investorplace.com and their article: “3 Stocks to Watch on Thursday: Dollar General Corp. (DG), Box Inc (BOX) and …” published on August 31, 2017 as well as Bizjournals.com‘s news article titled: “Box no longer cash-flow positive, stock drops” with publication date: August 31, 2017.

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