With the Nasdaq in an absolute free fall these past few days, we've been keeping busy scanning the market for a real Black Friday deal.
Once such opportunity is BOXL (Boxlight Corporation).
This leading provider of technology solutions for the global education market has been beaten down and oversold for over 6-months.
Luckily, the Company appears to have formed a nice base here, and we see minimal downside risk from today's $2.09 alert price.
However, the upside potential from these levels is just too big to ignore.
Shares of BOXL are down nearly 88 percent from their 52-week high of $17.40, and we are banking on an epic reversal in the immediate future.
Here's why...
In their most recent earnings report, the company announced: Revenue increase of 27% year-over-year to $25.9 million for the first nine months of 2018 $5.7 million in deferred revenue and over $4 million in back-orders at September 30, 2018 Projecting $11 million in revenue for Q4 2018, an increase of 100% over the same period in 2017 But what we really loved was the strong guidance from BOXL's management.
This sounds like a company that is in the midst of a major turnaround.
“Momentum was strong through the important back-to-school season, helping drive a 27% year-over-year increase in revenues for the first nine months of 2018,” commented Mark Elliott, Chief Executive Officer of Boxlight. “Additionally, we ended the quarter with $5.7 million in deferred revenue of which we expect to recognize over $4 million in the fourth quarter. During the quarter, we provided Boxlight’s products to thousands of classrooms across the U.S., including new installations in McMinn County Schools in Tennessee, Huntington Beach City Schools in California and Connellsville Schools in Pennsylvania.”
“We also continue to expand our reach in key international markets including Europe and Latin America. We’ve successfully grown our sales pipeline in those markets, and are pleased to enter the fourth quarter with the largest sales pipeline in our history.”
Mr. Elliott concluded, “We are projecting the fourth quarter of this year will be the strongest in our history with over $11 million in revenue. Importantly, we see a significant opportunity to continue our growth trajectory well into the future through product introductions, growth in our re-seller network and through strategic acquisitions. It is an exciting time at Boxlight. Our mission to improve learning and engagement in classrooms, and to help educators enhance student outcomes, is taking hold as we continue to grow our reach and relevance in classrooms around the world.”
Iimmediate Bullish Catalysts for BOXL: Management is projecting that the fourth quarter of this year will be the strongest in their history with over $11 million in revenue. Opportunity to continue growth trajectory well into the future through product introductions, growth in their re-seller network and through strategic acquisitions. Based on our chart analysis BOXL appears to be bottom'd out and oversold. We see an immediate upside of up to 234% Float is just 2.4M Zero Insider Selling Within the Past 12-Months BOXL's 15-day Moving Average is Crossing of its 50-day Moving Average, forming a "Golden Cross." (Major Bullish Indicator) BOXL first caught our attention back on November 6th, when we watched shares run from $1.92 to $4.84 for single-session gains of up to +150%!
Last week, shares of BOXL ran up over +46%, from $1.98 to $2.90!
With its low float of just 2.4M, it's no surprise that BOXL is no stranger to large single-session run-ups.
With tomorrow's anticipated increase in trade volume, we are banking on another monster single-session move.
That being said, we are urging all of our members to start their research on BOXL, and consider building their position tomorrow morning at 9:30AM EST.
About Boxlight Corporation
Boxlight Corporation (BOXL) (“Boxlight”) is a leading provider of technology solutions for the global education market. The company aims to improve learning and engagement in classrooms and to help educators enhance student outcomes, by developing the products they need. The company develops, sells, and services its integrated, interactive solution suite including software, classroom technologies, professional development and support services. For more information about the Boxlight story, visit boxlight.com.
BOXL develops, sells, and services interactive classroom technologies for the global education market.
They are vertically integrated, total solution provider with hardware engineering and manufacturing, software and content development, and comprehensive services including installation, training, consulting and maintenance.
Investor Highlights
The smart education and learning market is estimated to grow from $240 billion in 2017 to $994 billion by 2024 at CAGR of 22.7%. Increased acceptance of e-learning Proactive government initiatives in developing markets Technological advancements Growth in mobile learning applications Technical Analysis
Based on our most recent charting analysis of BOXL we see the potential for a run up to $7.00, which equates to a gain of up to +234% from today's alert price
Float of just 2.4M 15-Day Moving Average breaking above its 50-Day Moving Average, forming a "Golden Cross" (Major Bullish Indicator). In this month alone, BOXL has ran up for single-day gains of +187%, +37.59%, and +46.46% We feel confident that BOXL will go on multi-day bull run.
The chart is looking extremely attractive, and now could be the perfect opportunity to start building a position in a Company with tremendous upside.
We could be looking at the Nasdaq's biggest winner tomorrow!
As such, we are urging all members to act fast, start their research, and make sure to have BOXL up on your screen's and ready to trade.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
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Comment
Members,
Our latest Nasdaq listed trade idea BOXL (Boxlight Corporation) delivered up to +34.43% in single-session gains today, while trading on over 30x's the previous days volume.
BOXL hit a high of $2.85 this morning, before pulling back to around the $2.20 level.
We believe BOXL has formed strong support here, and we are anticipating a potential bounce past $3.00 tomorrow.
Here's why...
In their most recent earnings report, the company announced: Revenue increase of 27% year-over-year to $25.9 million for the first nine months of 2018 $5.7 million in deferred revenue and over $4 million in back-orders at September 30, 2018 Projecting $11 million in revenue for Q4 2018, an increase of 100% over the same period in 2017 But what we really loved was the strong guidance from BOXL's management.
This sounds like a company that is in the midst of a major turnaround.
“Momentum was strong through the important back-to-school season, helping drive a 27% year-over-year increase in revenues for the first nine months of 2018,” commented Mark Elliott, Chief Executive Officer of Boxlight. “Additionally, we ended the quarter with $5.7 million in deferred revenue of which we expect to recognize over $4 million in the fourth quarter. During the quarter, we provided Boxlight’s products to thousands of classrooms across the U.S., including new installations in McMinn County Schools in Tennessee, Huntington Beach City Schools in California and Connellsville Schools in Pennsylvania.”
“We also continue to expand our reach in key international markets including Europe and Latin America. We’ve successfully grown our sales pipeline in those markets, and are pleased to enter the fourth quarter with the largest sales pipeline in our history.”
Mr. Elliott concluded, “We are projecting the fourth quarter of this year will be the strongest in our history with over $11 million in revenue. Importantly, we see a significant opportunity to continue our growth trajectory well into the future through product introductions, growth in our re-seller network and through strategic acquisitions. It is an exciting time at Boxlight. Our mission to improve learning and engagement in classrooms, and to help educators enhance student outcomes, is taking hold as we continue to grow our reach and relevance in classrooms around the world.”
Iimmediate Bullish Catalysts for BOXL: Management is projecting that the fourth quarter of this year will be the strongest in their history with over $11 million in revenue. Opportunity to continue growth trajectory well into the future through product introductions, growth in their re-seller network and through strategic acquisitions. Based on our chart analysis BOXL appears to be bottom'd out and oversold. We see an immediate upside of up to 234% Float is just 2.4M Zero Insider Selling Within the Past 12-Months BOXL's 15-day Moving Average is Crossing of its 50-day Moving Average, forming a "Golden Cross." (Major Bullish Indicator) BOXL first caught our attention back on November 6th, when we watched shares run from $1.92 to $4.84 for single-session gains of up to +150%!
Last week, shares of BOXL ran up over +46%, from $1.98 to $2.90, and today it ran +34.43%, from $2.12 to $2.85
With its low float of just 2.4M, it's no surprise that BOXL is no stranger to large single-session run-ups.
We believe we could see an even bigger run-up tomorrow.
That being said, we are urging all members to view our full profile on BOXL, start their research, and consider grabbing up share tomorrow morning at 9:30AM EST.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
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