Blackboxstocks (NASDAQ:BLBX) Rating Lowered to “Sell” at Wall Street Zen

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

Blackboxstocks Trading Up 3.4%

Shares of BLBX stock opened at $6.77 on Friday. Blackboxstocks has a 12-month low of $1.51 and a 12-month high of $9.50. The firm’s 50 day moving average is $6.84 and its 200 day moving average is $4.58. The stock has a market capitalization of $24.71 million, a P/E ratio of -6.33 and a beta of 1.53.

Blackboxstocks (NASDAQ:BLBX) last announced its earnings results on Thursday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The firm had revenue of $0.52 million during the quarter. Blackboxstocks had a negative return on equity of 70.34% and a negative net margin of 163.66%.

Institutional Investors Weigh In On Blackboxstocks

Hedge funds have recently made changes to their positions in the company. ELCO Management Co. LLC purchased a new stake in shares of Blackboxstocks during the 1st quarter valued at about $34,000. Corient Private Wealth LLC purchased a new stake in Blackboxstocks during the second quarter valued at approximately $62,000. Finally, GoalFusion Wealth Management LLC purchased a new stake in Blackboxstocks during the 2nd quarter valued at $216,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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.