Blackboxstocks (NASDAQ:BLBX) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Blackboxstocks (NASDAQ:BLBX) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, Blackboxstocks presently has a consensus rating of “Sell”.

Blackboxstocks Price Performance

BLBX stock opened at $18.46 on Friday. The business has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $8.80. The firm has a market capitalization of $79.47 million, a PE ratio of -15.78 and a beta of 1.56. Blackboxstocks has a 1 year low of $2.48 and a 1 year high of $18.92.

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

Institutional Investors Weigh In On Blackboxstocks

A number of institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new stake in shares of Blackboxstocks in the 2nd quarter valued at approximately $62,000. Pekin Hardy Strauss Inc. acquired a new stake in Blackboxstocks in the 4th quarter valued at approximately $81,000. Canton Hathaway LLC purchased a new stake in Blackboxstocks in the fourth quarter valued at approximately $95,000. Geode Capital Management LLC raised its position 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 purchasing an additional 1,422 shares during the period. Finally, Franklin Resources Inc. acquired a new position in Blackboxstocks during the fourth quarter worth $741,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.