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

Blackboxstocks (NASDAQ:BLBX) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

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

Blackboxstocks Stock Down 12.6%

Shares of Blackboxstocks stock opened at $13.97 on Friday. Blackboxstocks has a 12-month low of $2.48 and a 12-month high of $18.92. The stock has a market cap of $60.14 million, a P/E ratio of -11.94 and a beta of 1.56. The business’s 50 day moving average is $11.16 and its 200-day moving average is $8.78.

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

Institutional Inflows and Outflows

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

About Blackboxstocks

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.