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After finishing at $2.35 in the prior trading day, BlackBerry Ltd (NYSE: BB) closed at $2.31, down -1.70%. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 8.36 million shares were traded. BB stock price reached its highest trading level at $2.35 during the session, while it also had its lowest trading level at $2.29.
Ratios:
Our goal is to gain a better understanding of BB by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1377459840 and an Enterprise Value of 1403581696. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.98 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 2.203 whereas that against EBITDA is 467.861.
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 -4.49%, while the 200-Day Moving Average is calculated to be -10.50%.
Shares Statistics:
The stock has traded on average 7.93M shares per day over the past 3-months and 10415630 shares per day over the last 10 days, according to various share statistics. A total of 589.23M shares are outstanding, with a floating share count of 580.71M. Insiders hold about 1.70% of the company’s shares, while institutions hold 44.08% stake in the company. Shares short for BB as of 1730332800 were 26975284 with a Short Ratio of 3.32, compared to 1727654400 on 30281816. Therefore, it implies a Short% of Shares Outstanding of 26975284 and a Short% of Float of 4.5700002.
