Keep in mind the most critical part of that eye-popping assumption is that BLBX can justify the move. If so, a more than 220% increase could be in play faster than many expect. The better news for those on the long side of the trade is that by every measure, BLBX is better positioned than ever to assault its 52-week high of $8.00 reached last November. December totals, Q4 results, and revenue generating tailwind into Q1 of 2022 are not likely to disappoint, either. 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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