Blackboxstocks (NASDAQ:BLBX) Announces Quarterly Earnings Results

Blackboxstocks (NASDAQ:BLBX) released its earnings results on Monday. The company reported ($0.40) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.63 million for the quarter. Blackboxstocks had a negative return on equity of 83.85% and a negative net margin of 157.79%.

Blackboxstocks Stock Performance

Shares of NASDAQ:BLBX traded up $2.96 on Wednesday, hitting $18.36. 821,957 shares of the company were exchanged, compared to its average volume of 122,510. Blackboxstocks has a one year low of $2.48 and a one year high of $18.92. The company’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $8.62. The firm has a market capitalization of $79.05 million, a price-to-earnings ratio of -17.66 and a beta of 1.56.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Blackboxstocks

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