Blackboxstocks (NASDAQ:BLBX) Trading 1.1% Higher – What’s Next?

Shares of Blackboxstocks, Inc. (NASDAQ:BLBX) shot up 1.1% during trading on Tuesday . The company traded as high as $8.57 and last traded at $8.52. 41,256 shares were traded during trading, a decline of 71% from the average session volume of 143,338 shares. The stock had previously closed at $8.43.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BLBX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blackboxstocks in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Blackboxstocks Price Performance

The firm’s 50 day moving average price is $8.11 and its 200-day moving average price is $7.33. The stock has a market cap of $36.27 million, a P/E ratio of -8.10 and a beta of 1.56.

Insider Buying and Selling at Blackboxstocks

In related news, CTO Charles Brandon Smith sold 9,167 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $9.08, for a total transaction of $83,236.36. Following the sale, the chief technology officer directly owned 27,513 shares of the company’s stock, valued at $249,818.04. This trade represents a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles Keller Reid sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $9.24, for a total value of $46,200.00. Following the completion of the transaction, the director directly owned 16,298 shares of the company’s stock, valued at approximately $150,593.52. This trade represents a 23.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Corient Private Wealth LLC bought a new stake in shares of Blackboxstocks, Inc. (NASDAQ:BLBX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,531 shares of the company’s stock, valued at approximately $62,000. Corient Private Wealth LLC owned about 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 (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.