Shares of Box Inc. Class A (NYSE:BOX) traded today at $27.41, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 2.8 million shares.
Potential upside of 32.7% exists for Box Inc. Class A, based on a current level of $27.05 and analysts’ average consensus price target of $35.90.
Over the past year, Box Inc. Class A has traded in a range of $15.07 to $27.41 and is now at $27.05, 79% above that low.
Box was founded in 2005 as a natively built cloud file sync and sharing provider for enterprises. Box is headquartered in Redwood City, California. Since the company’s IPO in 2015, it has introduced seven new products, including Box Governance, Box Relay, and Box KeySafe, in an effort to extend its services beyond commoditized cloud storage and add ancillary tools like workflow and governance that make the Box platform more integral to organizations.
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