BlackBerry Ltd (NYSE: BB) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 582.16M common shares owned by the public and among those 575.15M shares have been available to trade.

Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 2,322,813 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 1,222,103 shares.

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However, the script later moved the day high at 3.0300, down -2.01%. The company’s stock has a 5-day price change of -14.87% and -15.85% over the past three months. BB shares are trading -17.51% year to date (YTD), with the 12-month market performance down to -30.48% lower. It has a 12-month low price of $2.84 and touched a high of $5.75 over the same period. BB has an average intraday trading volume of 6.79 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 -13.25%, -20.23%, and -33.65% respectively.

Institutional ownership of BlackBerry Ltd (NYSE: BB) shares accounts for 55.94% of the company’s 582.16M shares outstanding.

It has a market capitalization of $1.71B and a beta (3y monthly) value of 1.43. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.73% over the week and 4.05% over the month.

Analysts forecast that BlackBerry Ltd (BB) will achieve an EPS of $BBD/BRX for the current quarter, $2.41 for the next quarter and $Currency for Type. The lowest estimate earnings-per-share for the quarter is $BBD/GBP while analysts give the company a high EPS estimate of $BBD/USD. Comparatively, EPS for the current quarter was $BP p.l.c. a year ago. Earnings per share for the fiscal year are expected to increase by 93.65%, and -474.98% over the next financial year.

Looking at the support for the BB, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on December 21, 2023, with the firm’s price target at $4.50-$4.

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