BlackBerry Ltd (NYSE: BB): The Best-Of-Breed For Investing?

Currently, there are 582.16M common shares owned by the public and among those 575.12M shares have been available to trade.

However, the script later moved the day high at 3.0750, down -7.17%. The company’s stock has a 5-day price change of 3.26% and -33.26% over the past three months. BB shares are trading -19.49% year to date (YTD), with the 12-month market performance down to -22.97% lower. It has a 12-month low price of $2.55 and touched a high of $5.75 over the same period. BB has an average intraday trading volume of 9.11 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 2.46%, -3.69%, and -30.13% respectively.

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Institutional ownership of BlackBerry Ltd (NYSE: BB) shares accounts for 50.27% of the company’s 582.16M shares outstanding.

It has a market capitalization of $1.67B and a beta (3y monthly) value of 1.41. 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 8.17% over the week and 4.74% over the month.

Analysts forecast that BlackBerry Ltd (BB) will achieve an EPS of -$0.03 for the current quarter, -$0.02 for the next quarter and -$0.03 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 -$0.02 a year ago.

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. CIBC coverage for the BlackBerry Ltd (BB) stock in a research note released on May 18, 2023 offered a Neutral rating with a price target of $6.50. TD Securities was of a view on March 31, 2023 that the stock is Hold, while Robert W. Baird gave the stock Neutral rating on August 12, 2022, issuing a price target of $7. RBC Capital Mkts on their part issued Sector Perform rating on March 21, 2022.

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