Blackboxstocks (NASDAQ:BLBX) Raised to “Hold” at Wall Street Zen

Blackboxstocks (NASDAQ:BLBX) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Blackboxstocks in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blackboxstocks currently has a consensus rating of “Sell”.

Blackboxstocks Stock Performance

Shares of BLBX stock opened at $10.31 on Friday. The company has a market capitalization of $39.07 million, a PE ratio of -9.91 and a beta of 1.47. Blackboxstocks has a 52-week low of $1.51 and a 52-week high of $17.75. The business’s fifty day moving average is $7.10 and its 200 day moving average is $5.78.

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

Hedge Funds Weigh In On Blackboxstocks

Large investors have recently modified their holdings of the company. ELCO Management Co. LLC purchased a new stake in Blackboxstocks in the first quarter worth approximately $34,000. GoalFusion Wealth Management LLC bought a new stake in shares of Blackboxstocks in the 2nd quarter worth approximately $216,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Blackboxstocks in the 2nd quarter worth approximately $62,000. 3.58% of the stock is 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.