Should you buy Boxed (BOXD) stock as it trades on NYSE?

3 min read | December 10, 2021 03:40 AM EST | By Raza Naqvi

Should you buy Boxed (BOXD) stock as it trades on NYSE? — Image source: © Rawpixelimages | Megapixl.com

Should you buy BOXD stock?

Boxed seems to have growth potential as e-commerce has boomed ever since the COVID-19 pandemic hit the world. The New York-based company sells bulk pantry consumer products to businesses and individuals.

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Notably, Boxed does not require its users to buy a store membership for ordering products in bulk. This feature could help the online platform to attract more users in future and increase sales.

Should you buy Boxed stock?

Using innovative technologies like robotics, Boxed can fulfil the bulk requirements of its customers. Apart from direct sales, Boxed also operates a software and service business, which is for customers looking for an enterprise-level e-commerce platform.

After the company started trading on December 9, it announced integration with Google Cloud. Boxed is looking to improve the customer journey and use innovative technologies throughout its platform.

Google Cloud is expected to increase the operational capabilities of the company's platform and deliver more value to its enterprise retailers.

Bottom line

The e-commerce platform is looking to expand its presence, and this could help the company boost its balance sheet. Boxed is all set to acquire MaxDelivery and the deal could be completed by the end of this year.

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MaxDelivery was one of the first on-demand grocery delivery services providers in New York. It was established in 2004 and ever since then, the company processed around two million dollars.

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