Blackboxstocks (NASDAQ:BLBX) Stock Price Up 17.6% – Should You Buy?

Blackboxstocks, Inc. (NASDAQ:BLBX) traded up 17.6% during trading on Monday . The company traded as high as $16.00 and last traded at $15.40. 433,719 shares traded hands during trading, an increase of 288% from the average session volume of 111,804 shares. The stock had previously closed at $13.10.

Analyst Ratings Changes

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

Blackboxstocks Price Performance

The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $8.53. The stock has a market cap of $66.37 million, a PE ratio of -14.81 and a beta of 1.56.

Hedge Funds Weigh In On Blackboxstocks

Several hedge funds and other institutional investors have recently made changes to their positions in BLBX. Franklin Resources Inc. acquired a new position in shares of Blackboxstocks during the fourth quarter worth about $741,000. Geode Capital Management LLC grew its position 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 worth $213,000 after buying an additional 1,422 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Blackboxstocks during the 4th quarter worth $81,000. Canton Hathaway LLC bought a new stake in Blackboxstocks in the fourth quarter valued at about $95,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Blackboxstocks in the 2nd quarter valued at approximately $62,000. Institutional investors and hedge funds 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.