Blackboxstocks (NASDAQ:BLBX) Trading Down 3.1% – Time to Sell?

Blackboxstocks, Inc. (NASDAQ:BLBX)’s share price traded down 3.1% during trading on Wednesday . The company traded as low as $10.29 and last traded at $10.85. 134,659 shares changed hands during mid-day trading, an increase of 97% from the average session volume of 68,449 shares. The stock had previously closed at $11.20.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLBX shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Blackboxstocks in a report on Wednesday, October 8th. Wall Street Zen upgraded Blackboxstocks from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Blackboxstocks currently has an average rating of “Sell”.

Blackboxstocks Stock Performance

The company has a market cap of $46.71 million, a P/E ratio of -10.43 and a beta of 1.55. The stock has a 50-day moving average of $8.53 and a two-hundred day moving average of $7.87.

Institutional Investors Weigh In On Blackboxstocks

A number of institutional investors have recently made changes to their positions in BLBX. GoalFusion Wealth Management LLC bought a new position in shares of Blackboxstocks during the 2nd quarter valued at $216,000. Canton Hathaway LLC purchased a new stake in Blackboxstocks during the fourth quarter valued at about $95,000. Finally, Corient Private Wealth LLC bought a new position in shares of Blackboxstocks during the second quarter valued at about $62,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.