BlackBerry Ltd (BB) concluded trading on Wednesday at a closing price of $2.71, with 4.51 million shares of worth about $12.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -38.27% during that period and on Wednesday the price saw a gain of about 0.74%. Currently the company’s common shares owned by public are about 582.16M shares, out of which, 575.12M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 2,322,813 shares in 16 of the transactions. In 9 selling transactions, insiders dumped 1,222,103 shares.
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Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of -24.72%. Year-to-date (YTD), BB shares are showing a performance of -23.45% which decreased to -34.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.59 but also hit the highest price of $5.75 during that period. The average intraday trading volume for BlackBerry Ltd shares is 7.75 million. The stock is currently trading -4.73% below its 20-day simple moving average (SMA20), while that difference is down -18.96% for SMA50 and it goes to -36.66% lower than SMA200.
BlackBerry Ltd (NYSE: BB) currently have 582.16M outstanding shares and institutions hold larger chunk of about 50.25% of that.
The stock has a current market capitalization of $1.59B and its 3Y-monthly beta is at 1.42. It has posted earnings per share of -$0.99 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BB, volatility over the week remained 3.16% while standing at 4.41% over the month.
Analysts are in expectations that BlackBerry Ltd (BB) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is -$0.03 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 93.65% while it is estimated to decrease by -449.98% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on December 21, 2023 offering a Sector perform rating for the stock and assigned a target price range of between $4.50 and $4 to it. Coverage by CIBC stated BlackBerry Ltd (BB) stock as a Neutral in their note to investors on May 18, 2023, suggesting a price target of $6.50 for the stock. On March 31, 2023, TD Securities Upgrade their recommendations, while on August 12, 2022, Robert W. Baird Initiated their ratings for the stock with a price target of $7. Stock get a Sector perform rating from RBC Capital Mkts on March 21, 2022.
