BOXL Stock Price: Boxlight Corp opens lower despite Samsung cooperation, a buying opportunity?

NASDAQ: BOXL has kicked off Friday's trading with a drop below the $4 mark.
Boxlight Corp is reportedly cooperating with Samsung, providing it ample room for growth.
The education sector is growing amid the coronavirus crisis.

Yohay Elam FXStreet

NASDAQ: BOXL has kicked off Friday's trading just below $4, down from the closing price of $4.20 recorded on Thursday. Nevertheless, Boxlight Corp – which was a penny stock last week – is up over 12 times from its 52-week low of $0.33.

Is it a buying opportunity?

The Lawrenceville, Georgia- based firm focuses on education and more specifically – distance learning. As COVID-19 is raging around the world – including in Boxlight's home state – reopening schools is running into concerns about spreading the disease and high costs of hygiene and social distancing.

The firm developed a product for helping instructors, called EOS Distance Teaching Essentials, that help those on the other side and not only the kids. The product received an award and so did another one called MySTEMKits. Providing children with STEM skills is essential for the modern world, especially one where physical studying becomes challenging.

BOXL Stock News

The recent surge in NASDAQ: BOXL comes from Samsung. The giant South Korean conglomerate has prepared a presentation in which it advocates for using BOXL.

$BOXL This is huge pic.twitter.com/nrx2Y1kMO7
— TC Investing (@TC_Investments) July 16, 2020

Samsung's spotlights drew attention to NASDAQ: BOXL and may trigger further buying. Even after the recent surge, Boxlight's market capitalization is only around $133 million – minuscule in comparison to its sector. Will bargain-seekers jump on it?

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

AUD/USD rises to 0.6950 as USD slips on Fed's Warsh

AUD/USD regains traction and extends the bounce toward 0.6950 in the Asian session on Friday. Fed Chair Warsh's comments reinforce the selling pressure on the US Dollar, allowing the pair to stretch higher. Warsh said that he remains committed to delivering price stability without giving away anything on future interest rate path.

USD/JPY falls in symc with USD, gives up 158.00 after Warsh's speech

USD/JPY has come under fresh selling pressure and gives up 158.00 in the Asian session on Friday amid the emergence of fresh US Dollar selling. Fed Chair Warsh's non-committal commentary on the future tightening path, weighs on the US Dollar and the pair.

Gold looks vacillating above $4,150

Gold alternates gains with losses below the key $4,200 mark per troy ounce on Friday. The yellow metal’s irresolute price action comes in response to a modest pullback in the US Dollar and a tepid recovery in US Treasury yields across the board.

Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

Crypto markets have remained under pressure so far in October, with Bitcoin (BTC) sliding below $80,000 earlier this week before recovering to around $82,000 on Friday, as macroeconomic headwinds and cooling demand weigh on the market.

The Fed just got a second hot inflation number. Here's what the diesel signal is really saying

The Federal Reserve (Fed) faces a renewed inflation challenge after two consecutive reports showed price pressure intensifying across the US economy. September's Consumer Price Index (CPI) confirmed accelerating consumer inflation, while the Producer Price Index (PPI) revealed an even sharper rise in business costs. Behind both reports lies a common factor: energy prices.

Everyone's dumping Gold after hot US inflation. Here's why $4,100 could be a floor, not a cliff

Gold (XAU/USD) is recovering from a sharp sell-off triggered by hotter-than-expected United States (US) inflation data released on Wednesday. The precious metal briefly plunged toward $4,073 as investors increased their bets on further Federal Reserve (Fed) interest rate hikes before recovering as US Treasury yields and the US Dollar (USD) reversed their initial gains.