BlackBerry Ltd (BB) concluded trading on Wednesday at a closing price of $2.67, with 4.72 million shares of worth about $12.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -52.15% during that period and on Wednesday the price saw a gain of about 1.91%. Currently the company’s common shares owned by public are about 582.16M shares, out of which, 575.12M shares are available for trading.
However, the stock later moved at a day high price of 2.7099, or with a gain of 1.91%. Stock saw a price change of -0.74% in past 5 days and over the past one month there was a price change of 0.38%. Year-to-date (YTD), BB shares are showing a performance of -24.58% which decreased to -33.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.55 but also hit the highest price of $5.75 during that period. The average intraday trading volume for BlackBerry Ltd shares is 8.24 million. The stock is currently trading -2.09% below its 20-day simple moving average (SMA20), while that difference is down -12.35% for SMA50 and it goes to -35.85% lower than SMA200.
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BlackBerry Ltd (NYSE: BB) currently have 582.16M outstanding shares and institutions hold larger chunk of about 50.27% of that.
The stock has a current market capitalization of $1.56B and its 3Y-monthly beta is at 1.41. 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 3.85% while standing at 3.69% 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.
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.
