Blackboxstocks (NASDAQ:BLBX) Trading 17.6% Higher – What’s Next?

Blackboxstocks, Inc. (NASDAQ:BLBX) shares traded up 17.6% during trading on Monday . The company traded as high as $16.00 and last traded at $15.40. 433,719 shares were traded during mid-day trading, an increase of 288% from the average session volume of 111,804 shares. The stock had previously closed at $13.10.

Analyst Upgrades and Downgrades

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

Blackboxstocks Price Performance

The firm’s 50 day simple moving average is $10.47 and its 200-day simple moving average is $8.53. The company has a market cap of $66.37 million, a price-to-earnings ratio of -14.81 and a beta of 1.56.

Hedge Funds Weigh In On Blackboxstocks

A number of hedge funds have recently modified their holdings of BLBX. Franklin Resources Inc. purchased a new position in Blackboxstocks during the 4th quarter worth $741,000. Geode Capital Management LLC increased its stake in Blackboxstocks by 5.7% in the 4th 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 in the last quarter. Canton Hathaway LLC purchased a new position in shares of Blackboxstocks in the fourth quarter valued at $95,000. Corient Private Wealth LLC acquired a new position in Blackboxstocks during the second quarter worth about $62,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Blackboxstocks during the 4th quarter worth approximately $81,000. 3.58% of the stock is currently 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.