Blackboxstocks (NASDAQ:BLBX) Stock Rating Lowered by Wall Street Zen

Blackboxstocks (NASDAQ:BLBX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Blackboxstocks in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Blackboxstocks Stock Up 32.1%

NASDAQ BLBX opened at $18.46 on Friday. Blackboxstocks has a 52 week low of $2.48 and a 52 week high of $18.92. The business has a 50 day moving average price of $11.16 and a 200-day moving average price of $8.81. The company has a market cap of $79.47 million, a price-to-earnings ratio of -15.78 and a beta of 1.56.

Blackboxstocks (NASDAQ:BLBX) last announced its quarterly earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. Blackboxstocks had a negative net margin of 182.07% and a negative return on equity of 96.75%. The business had revenue of $0.63 million for the quarter.

Institutional Trading of Blackboxstocks

A number of institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC purchased a new stake in shares of Blackboxstocks during the 2nd quarter valued at $62,000. Canton Hathaway LLC purchased a new stake in Blackboxstocks during the fourth quarter worth about $95,000. Pekin Hardy Strauss Inc. bought a new stake in Blackboxstocks in the fourth quarter worth about $81,000. Geode Capital Management LLC boosted its stake in Blackboxstocks by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Blackboxstocks during the 4th quarter valued at approximately $741,000. 3.58% of the stock is owned by hedge funds and other institutional investors.

Blackboxstocks Company Profile

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.