The Boston Properties stock recently publicized its Q2 earning report on August 1st, 2023, the reported earnings gave a positive surprise by 12.40% from the estimated earnings. Moreover, the reported revenue also gave a positive surprise by 3.67% from the estimated revenue.
Boston Properties has a debt-to-equity ratio of 186.5%, as reported by Simply Wall St. This implies that it has more debt than equity, which is the difference between its total assets of $25.34 Billion and total liabilities of $17.06 Billion. Boston Properties’ debt and equity are $15.46 Billion and $8.29 Billion, respectively.
Boston Properties experienced an incline in its earnings at an average rate of 4.8% per year, according to Simply Wall St., a financial website. The office REITs industry’s average annual earnings growth is 8.1. Therefore, Boston Properties’ earnings are lower than the industry average.
Moreover, Boston Properties Inc. (BXP) stock market capitalization is $10.686 Billion and the total revenue is $3.11 Billion. Moreover, the stock’s basic EPS is $4.24 and the price-to-earnings ratio is 15.92.
Technical Analysis of BXP Stock Price in 1-D Timeframe
The price action shows that Boston Properties Inc’s ( NYSE: BXP) stock price took support at $46.80 and has been on an inclining trend for the last three months, increasing by 37.26% making higher highs and higher lows.
At the time of writing, BXP stock is trading at around $68.12 and facing resistance around $69.67 and took a pullback and trying to sustain.
Therefore, if it maintains the current level, the BXP prices could continue to move upward and reach the first and second resistances of $69.67 and $76.49.
However, if the BXP price fails to sustain the current level and drops, it might hit the nearest support levels of $64.05 and $60.17.
At the time of publishing, Boston Properties Inc. (NYSE: BXP) is trading above the 20, 50, 100, and 200-day EMA (exponential moving averages), which supports the BXP price trend.
Hence, the BXP price is expected to move upwards showing a bullish overview over the daily time frame chart.
The current value of RSI is 63.55 points. The 14 SMA is above the median line at 66.54 points which indicates that BXP Stock is in bullish territory and the RSI line and 14 SMA line are intermingled with each other highlighting consolidation to bullishness ahead.
The MACD line at 2.46 and signal line at 2.61 are above the zero line and both lines have narrowed on in each other, as histogram decreased as well. Consolidation can be observed by the MACD oscillator which signals consolidation to bullishness for the BXP stock price.
Summary
Boston Properties Inc. (NYSE: BXP) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical analysis tools of BXP stock price also support bullishness. The MACD, RSI, and EMA highlight positive signals and imply that an uptrend may continue in BXP stock price.
Technical Levels
- Support levels: The nearest support levels for BXP Stock price are $64.05 and $60.17.
- Resistance levels: The nearest resistance levels for the BXP Stock price are $69.67 and $76.49.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/14/bxp-stock-price-prediction-is-boston-properties-changing-trend/