Blackboxstocks (NASDAQ:BLBX) Releases Earnings Results

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

Blackboxstocks Trading Up 19.2%

BLBX stock traded up $2.96 during midday trading on Wednesday, hitting $18.36. 821,957 shares of the company’s stock were exchanged, compared to its average volume of 122,510. The stock has a market capitalization of $79.05 million, a price-to-earnings ratio of -17.66 and a beta of 1.56. The firm has a 50 day moving average price of $10.67 and a 200-day moving average price of $8.62. Blackboxstocks has a 12-month low of $2.48 and a 12-month high of $18.92.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blackboxstocks in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Blackboxstocks

Several large investors have recently modified their holdings of BLBX. Corient Private Wealth LLC bought a new position in Blackboxstocks in the 2nd quarter worth approximately $62,000. Pekin Hardy Strauss Inc. bought a new position in shares of Blackboxstocks in the fourth quarter worth $81,000. Canton Hathaway LLC acquired a new stake in shares of Blackboxstocks in the fourth quarter worth $95,000. Geode Capital Management LLC grew its holdings in shares of Blackboxstocks by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after buying an additional 1,422 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Blackboxstocks during the fourth quarter valued at $741,000. Institutional investors own 3.58% of the company’s stock.

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.