With over 4.7 million BlackBerry Ltd (BB) shares trading Tuesday and a closing price of $3.75 on the day, the dollar volume was approximately $17.61 million. The shares have shown a negative half year performance of -26.18% and its price on 11/14/23 gained nearly 6.53%. Currently, there are 582.16M common shares owned by the public and among those 573.75M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for BB have a consensus price objective of $5.86. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $4.00. The average price target is 36.01% above its recent price level and an upside to the estimated low will see the stock gain 6.25% over that period. But an upside of 65.91% will see the stock hit the forecast high price target while median target price for the stock is $5.00.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 77 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 3,556,720 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 3,207,350 shares.
Shares of BlackBerry Ltd (NYSE: BB) opened at $3.66, up $0.14 from a prior closing price of $3.52. However, the script later moved the day high at 3.8000, up 6.53%. The company’s stock has a 5-day price change of -1.32% and -14.97% over the past three months. BB shares are trading 15.03% year to date (YTD), with the 12-month market performance down to -24.55% lower. It has a 12-month low price of $3.17 and touched a high of $5.75 over the same period. BB has an average intraday trading volume of 6.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.87%, -11.02%, and -16.58% respectively.
Institutional ownership of BlackBerry Ltd (NYSE: BB) shares accounts for 50.07% of the company’s 582.16M shares outstanding.
It has a market capitalization of $2.19B and a beta (3y monthly) value of 1.52. The earnings-per-share (ttm) stands at -$1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.95% over the week and 4.33% over the month.
Analysts forecast that BlackBerry Ltd (BB) will achieve an EPS of -$0.03 for the current quarter, $0.01 for the next quarter and $0 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 91.27%, and -245.46% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate BlackBerry Ltd (BB) as a “Moderate Buy” at a consensus score of 2.55. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 8 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BB, a number of firms have released research notes about the stock. CIBC stated their Neutral rating for the stock in a research note on May 18, 2023, with the firm’s price target at $4.20-$6.50.
