Analytical Lens: Exploring BlackBerry Ltd (BB)’s Financial Story Through Ratios

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In other words, the price has increased by $0.00 from its previous closing price. On the day, 10.39 million shares were traded. BB stock price reached its highest trading level at $2.56 during the session, while it also had its lowest trading level at $2.4607.

Ratios:

Our analysis of BB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.32.

On December 21, 2023, RBC Capital Mkts reiterated its Sector Perform rating and also upped its target price recommendation from $4.50 to $4.

CIBC Upgraded its Sector Underperform to Neutral on May 18, 2023, whereas the target price for the stock was revised from $4.20 to $6.50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 28 ’24 when Kurtz Philip S. sold 15,005 shares for $2.53 per share. The transaction valued at 37,963 led to the insider holds 30,129 shares of the business.

ERIKSSON MATTIAS sold 52,549 shares of BB for $128,745 on Jun 28 ’24. The President of IoT now owns 214,440 shares after completing the transaction at $2.45 per share. On Feb 14 ’24, another insider, BRACE PHILIP G, who serves as the Director of the company, bought 35,000 shares for $2.79 each. As a result, the insider paid 97,650 and bolstered with 35,000 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BB now has a Market Capitalization of 1470912768 and an Enterprise Value of 1509912704. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 2.37 whereas that against EBITDA is 503.304.

Stock Price History:

Over the past 52 weeks, BB has reached a high of $4.44, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is 5.19%, while the 200-Day Moving Average is calculated to be -7.16%.

Shares Statistics:

BB traded an average of 6.25M shares per day over the past three months and 7601060 shares per day over the past ten days. A total of 589.23M shares are outstanding, with a floating share count of 580.33M. Insiders hold about 1.76% of the company’s shares, while institutions hold 45.13% stake in the company. Shares short for BB as of 1727654400 were 30281816 with a Short Ratio of 4.85, compared to 1724976000 on 29206030. Therefore, it implies a Short% of Shares Outstanding of 30281816 and a Short% of Float of 5.13.

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