Blackboxstocks (NASDAQ:BLBX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blackboxstocks (NASDAQ:BLBX) from a sell rating to a hold 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, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blackboxstocks has an average rating of “Sell”.

Blackboxstocks Price Performance

NASDAQ BLBX opened at $10.02 on Friday. The stock has a market capitalization of $41.48 million, a PE ratio of -9.63 and a beta of 1.47. The business has a 50 day simple moving average of $7.16 and a two-hundred day simple moving average of $5.83. Blackboxstocks has a 1-year low of $1.51 and a 1-year high of $17.75.

Blackboxstocks (NASDAQ:BLBX) last released its quarterly earnings results on Thursday, October 16th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $0.70 million for the quarter. Blackboxstocks had a negative net margin of 157.79% and a negative return on equity of 83.85%.

Hedge Funds Weigh In On Blackboxstocks

A number of institutional investors and hedge funds have recently modified their holdings of BLBX. GoalFusion Wealth Management LLC purchased a new position in shares of Blackboxstocks in the 2nd quarter worth approximately $216,000. Corient Private Wealth LLC bought a new stake in shares of Blackboxstocks during the 2nd quarter worth approximately $62,000. Finally, ELCO Management Co. LLC bought a new stake in shares of Blackboxstocks during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Blackboxstocks Company Profile

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. The company offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. Blackboxstocks Inc is headquartered in Dallas, Texas.