In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Blackboxstocks (BLBX – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $3.32.
According to TipRanks, Gomes is a 3-star analyst with an average return of 1.5% and a 37.29% success rate. Gomes covers the Services sector, focusing on stocks such as Fat Brands, CoreCivic, and Kelly Services.
Blackboxstocks has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.
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Based on Blackboxstocks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.22 million and a GAAP net loss of $1.31 million. In comparison, last year the company earned a revenue of $1.47 million and had a GAAP net loss of $505.98 thousand
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLBX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Blackboxstocks, Inc. engages in the development and marketing of web and mobile based analytical software tools as a subscription based software as a service. Its propriety Blackbox System technology serves as tool for stock and option traders to evaluate prospective investments on various securities exchanges and markets. The company was founded on October 4, 2011 and is headquartered in Dallas, TX.
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