Blackboxstocks (NASDAQ:BLBX) Trading Down 0.3% – What’s Next?

Blackboxstocks Inc. (NASDAQ:BLBX) dropped 0.3% during trading on Friday . The company traded as low as $1.84 and last traded at $1.99. Approximately 2,660 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 13,357 shares. The stock had previously closed at $2.00.

Blackboxstocks Price Performance

The stock has a market capitalization of $7.04 million, a PE ratio of -2.05 and a beta of 1.25. The company’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $2.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC acquired a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned about 0.39% of Blackboxstocks as of its most recent filing with the Securities and Exchange Commission (SEC). 3.58% of the stock is owned by institutional investors.

About Blackboxstocks

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.