Currently, there are 591.58M common shares owned by the public and among those 581.20M shares have been available to trade.
The company’s stock has a 5-day price change of 6.47% and 83.47% over the past three months. BB shares are trading 17.46% year to date (YTD), with the 12-month market performance up to 55.24% higher. It has a 12-month low price of $2.01 and touched a high of $4.54 over the same period. BB has an average intraday trading volume of 15.60 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 8.09%, 30.42%, and 61.99% respectively.
Institutional ownership of BlackBerry Ltd (NYSE: BB) shares accounts for 43.95% of the company’s 591.58M shares outstanding.
It has a market capitalization of $2.63B and a beta (3y monthly) value of 1.32. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.89% over the week and 5.61% over the month.
Analysts forecast that BlackBerry Ltd (BB) will achieve an EPS of 0.01 for the current quarter, 0.02 for the next quarter and 0.12 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.03 while analysts give the company a high EPS estimate of -0.03. Comparatively, EPS for the current quarter was 0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -83.33%, and 551.46% over the next financial year.
Looking at the support for the BB, a number of firms have released research notes about the stock. TD Securities stated their Buy rating for the stock in a research note on December 20, 2024, with the firm’s price target at $4. RBC Capital Mkts was of a view on December 21, 2023 that the stock is Sector Perform, while CIBC gave the stock Neutral rating on May 18, 2023, issuing a price target of $4.20- $6.50. TD Securities on their part issued Hold rating on March 31, 2023.
