In a challenging market environment, Blackboxstocks Inc. (BLBX) has seen its shares tumble to $1.78, near its 52-week low. InvestingPro analysis indicates the stock is currently in oversold territory, with a market capitalization of just $6.46 million. The analytics and social media hybrid platform, which specializes in offering real-time proprietary analytics for stock and options traders, has faced significant headwinds over the past year. The company's revenue declined 18.56% in the last twelve months to $2.76 million, while maintaining a gross profit margin of 46.76%. InvestingPro data reveals the company's overall financial health score is currently rated as WEAK, with analysts not anticipating profitability this year. The current price level marks a critical juncture for Blackboxstocks as it strives to adapt and innovate in a rapidly evolving financial technology sector. For deeper insights and additional technical indicators, subscribers can access 8 more exclusive InvestingPro Tips.
In other recent news, Blackboxstocks Inc. has set December 27, 2024, as the date for its annual meeting of stockholders, according to a recent 8-K filing with the Securities and Exchange Commission. The record date for stockholders eligible to vote at the meeting has been established as the close of business on October 28, 2024. The filing also outlined the deadlines for stockholder proposals and directorship nominations, which were required to be submitted by September 30, 2024. These dates comply with the SEC's rules and Blackboxstocks' Amended and Restated Bylaws. The specifics about the time and location of the 2024 Annual Meeting will be disclosed in the company's proxy statement, which will be filed prior to the meeting. This announcement is part of Blackboxstocks' regular disclosures to the SEC and serves to inform shareholders about their participation rights in the upcoming annual meeting.
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