Blackboxstocks (NASDAQ:BLBX) Shares Up 7%

Blackboxstocks Inc. (NASDAQ:BLBX)’s stock price shot up 7% on Monday . The company traded as high as $2.43 and last traded at $2.30. 23,461 shares were traded during trading, an increase of 58% from the average session volume of 14,834 shares. The stock had previously closed at $2.15.

Blackboxstocks Stock Up 7.0 %

The stock’s 50-day simple moving average is $2.35 and its two-hundred day simple moving average is $2.64. The company has a market capitalization of $7.42 million, a price-to-earnings ratio of -2.02 and a beta of 1.35.

Blackboxstocks (NASDAQ:BLBX) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.27) earnings per share for the quarter. The company had revenue of $0.69 million for the quarter. Blackboxstocks had a negative return on equity of 44.90% and a negative net margin of 108.37%.

Insiders Place Their Bets

In other Blackboxstocks news, CEO Gust Kepler bought 25,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was acquired at an average price of $4.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 598,210 shares of the company’s stock, valued at $2,392,840. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 30.10% of the stock is currently owned by company insiders.

About Blackboxstocks

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. It offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. The company is headquartered in Dallas, Texas.