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

Blackboxstocks Inc. (NASDAQ:BLBX) shares were down 0.3% during mid-day 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 Stock Down 0.3 %

The company’s 50-day moving average is $2.67 and its 200-day moving average is $2.60. The stock has a market capitalization of $7.04 million, a price-to-earnings ratio of -2.05 and a beta of 1.25.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.