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As of close of business last night, BlackBerry Ltd’s stock clocked out at $2.40, down -1.64% from its previous closing price of $2.44. In other words, the price has decreased by -$1.64 from its previous closing price. On the day, 8.22 million shares were traded. BB stock price reached its highest trading level at $2.475 during the session, while it also had its lowest trading level at $2.4.
Ratios:
To gain a deeper understanding of BB’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1431069568 and an Enterprise Value of 1456747136. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.13 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 2.287 whereas that against EBITDA is 485.582.
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 -0.77%, while the 200-Day Moving Average is calculated to be -7.28%.
Shares Statistics:
It appears that BB traded 7.74M shares on average per day over the past three months and 10611460 shares per day over the past ten days. 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 42.85% stake in the company. Shares short for BB as of 1730332800 were 26975284 with a Short Ratio of 3.40, compared to 1727654400 on 30281816. Therefore, it implies a Short% of Shares Outstanding of 26975284 and a Short% of Float of 4.5700002.
