Blackboxstocks (NASDAQ:BLBX) Trading Up 8.2% – Here’s Why

Blackboxstocks, Inc. (NASDAQ:BLBX)’s share price traded up 8.2% during trading on Friday . The stock traded as high as $7.25 and last traded at $6.86. 226,719 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,067,374 shares. The stock had previously closed at $6.34.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Blackboxstocks Price Performance

The firm has a market capitalization of $25.04 million, a price-to-earnings ratio of -6.93 and a beta of 1.50. The business has a 50 day moving average of $4.46 and a 200 day moving average of $3.50.

Blackboxstocks (NASDAQ:BLBX) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter. Blackboxstocks had a negative net margin of 137.21% and a negative return on equity of 62.21%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Blackboxstocks stock. ELCO Management Co. LLC bought a new position in Blackboxstocks, Inc. (NASDAQ:BLBX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $34,000. ELCO Management Co. LLC owned approximately 0.28% of Blackboxstocks at the end of the most recent quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.