BlackBerry Ltd (BB) vs. S&P500: A Comparative Analysis

After finishing at $2.76 in the prior trading day, BlackBerry Ltd (NYSE: BB) closed at $2.70, down -2.17%. In other words, the price has decreased by -$0.0600 from its previous closing price. On the day, 6957339 shares were traded.

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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 0.89 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.06.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on December 21, 2023, Reiterated its Sector Perform rating but revised its target price to $4 from $4.50 previously.

On May 18, 2023, CIBC Upgraded its rating to Neutral which previously was Sector Underperform and also upped its target price recommendation from $4.20 to $6.50.

TD Securities Upgraded its Reduce to Hold on March 31, 2023, while the target price for the stock was maintained at $4.

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 Feb 14 ’24 when BRACE PHILIP G bought 35,000 shares for $2.79 per share. The transaction valued at 97,650 led to the insider holds 35,000 shares of the business.

Rai Steve sold 20,047 shares of BB for $65,153 on Jan 08 ’24. The Chief Financial Officer now owns 84,599 shares after completing the transaction at $3.25 per share. On Jan 08 ’24, another insider, GIAMATTEO JOHN JOSEPH, who serves as the CEO & President, Cybersecurity of the company, sold 18,279 shares for $3.23 each. As a result, the insider received 59,041 and left with 206,090 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 1.59B and an Enterprise Value of 1.58B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.92. Its current Enterprise Value per Revenue stands at 1.90 whereas that against EBITDA is -41.60.

Stock Price History:

Over the past 52 weeks, BB has reached a high of $5.75, while it has fallen to a 52-week low of $2.46. The 50-Day Moving Average of the stock is 2.7856, while the 200-Day Moving Average is calculated to be 3.8919.

Shares Statistics:

The stock has traded on average 9.49M shares per day over the past 3-months and 8.83M shares per day over the last 10 days, according to various share statistics. A total of 582.16M shares are outstanding, with a floating share count of 575.12M. Insiders hold about 1.75% of the company’s shares, while institutions hold 50.28% stake in the company. Shares short for BB as of Mar 15, 2024 were 43.29M with a Short Ratio of 4.56, compared to 46.76M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.39% and a Short% of Float of 8.18%.

Earnings Estimates

Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.04, while EPS last year was -$0.02. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.01 and low estimates of -$0.03.

Analysts are recommending an EPS of between $0.02 and -$0.01 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.02, with 6 analysts recommending between $0.06 and -$0.05.

Revenue Estimates

3 analysts predict $154.78M in revenue for the current quarter. It ranges from a high estimate of $157M to a low estimate of $153.34M. As of the current estimate, BlackBerry Ltd’s year-ago sales were $151M, an estimated increase of 2.50% from the year-ago figure.

A total of 8 analysts have provided revenue estimates for BB’s current fiscal year. The highest revenue estimate was $837M, while the lowest revenue estimate was $800M, resulting in an average revenue estimate of $830.28M. In the same quarter a year ago, actual revenue was $656M, up 26.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $653.83M in the next fiscal year. The high estimate is $703.82M and the low estimate is $583.32M. The average revenue growth estimate for next year is down -21.30% from the average revenue estimate for this year.

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