Maxim Group Thinks Boxlight Corp’s Stock is Going to Recover


In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Boxlight Corp (BOXL), with a price target of $11. The company’s shares closed yesterday at $2.89, close to its 52-week low of $1.14.

Klee commented:

“Strong organic growth is fostered by 20%+ annual education technology (Edtech) industry demand, breadth of offerings, interoperability, a growing reseller’s network, and seasoned management.”

According to TipRanks.com, Klee is ranked 0 out of 5 stars with an average return of -13.6% and a 29.0% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.

Currently, the analyst consensus on Boxlight Corp is a Moderate Buy with an average price target of $11.

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Based on Boxlight Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $594.5K. In comparison, last year the company had a GAAP net loss of $905K.

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Boxlight Corp. engages in the provision of interactive educational products. It designs, manufactures and distributes interactive projectors, flat panel displays, touch projectors, touchboards, and MimioTeach through the Boxlight Group and Genesis brands.

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