BOXABL Inc. (NASDAQ:BXBL – Get Free Report) shot up 8% during mid-day trading on Monday . The stock traded as high as $4.78 and last traded at $4.9350. 54,130 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 168,512 shares. The stock had previously closed at $4.57.

The stock has a market cap of $1.17 billion, a P/E ratio of 483.50 and a beta of 0.46.

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BOXABL Inc develops factory-built modular building systems designed to reduce the time, labor and transportation costs associated with traditional construction. The company’s patented folding technology allows its room-sized building modules to fit within standard highway, rail and shipping dimensions before being transported and unfolded at the installation site.

BOXABL’s flagship product is the Casita, a 361-square-foot studio unit equipped with a full kitchen, bathroom, living area and utility connections.

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