Guidance and sneak-peeks have already set that expectation, with November revenues and subscriber growth hitting the high end of expectations. And more than an attractive capital structure to enhance a squeeze, BLBX’s operating results justify one.īLBX has been positing record-setting results and is expected to continue that trend when it publishes its Q4 results later this quarter. That puts at least a 50% surge in its crosshairs from current levels. Not only that, a tightly held accumulation of its roughly 3.6 million trading float, and a newly minted $2.5 million share buyback program, could fuel a short-covering rally that sends BLBX prices well past its public offering price of $5.00 per share. During the past two months, BLBX has experienced massive bullish swings, trading higher intraday by more than 25% at times. Thus, despite its shares trading lower in sympathy with broader market declines, expect it to bounce back with bullish fervor once the bulls regain the market reigns. Blackboxstocks (NASDAQ: BLBX) is doing everything right.
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