Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, BlackBerry Ltd’s stock clocked out at $4.41, up 1.61% from its previous closing price of $4.34. In other words, the price has increased by $1.61 from its previous closing price. On the day, 22.21 million shares were traded. BB stock price reached its highest trading level at $4.54 during the session, while it also had its lowest trading level at $4.31.
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 1.37 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
RBC Capital Mkts reiterated its Sector Perform rating for the stock on December 21, 2023, while the target price for the stock was revised from $4.50 to $4.
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 Jan 24 ’25 when Chai Jay P. sold 24,425 shares for $4.19 per share. The transaction valued at 102,341 led to the insider holds 0 shares of the business.
ERIKSSON MATTIAS sold 12,680 shares of BB for $50,720 on Jan 06 ’25. The President of IoT now owns 278,306 shares after completing the transaction at $4.00 per share. On Jan 06 ’25, another insider, GIAMATTEO JOHN JOSEPH, who serves as the CEO & President, Cybersecurity of the company, sold 29,402 shares for $4.00 each. As a result, the insider received 117,608 and left with 490,761 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 2608880896 and an Enterprise Value of 1799369472. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.31 while its Price-to-Book (P/B) ratio in mrq is 3.60. Its current Enterprise Value per Revenue stands at 2.825 whereas that against EBITDA is 599.79.
Stock Price History:
The Beta on a monthly basis for BB is 1.31, which has changed by 0.6014761 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, BB has reached a high of $4.43, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is 31.13%, while the 200-Day Moving Average is calculated to be 61.39%.
Shares Statistics:
It appears that BB traded 15.34M shares on average per day over the past three months and 18243680 shares per day over the past ten days. A total of 591.58M shares are outstanding, with a floating share count of 581.17M. Insiders hold about 1.76% of the company’s shares, while institutions hold 43.95% stake in the company. Shares short for BB as of 1732838400 were 26267590 with a Short Ratio of 1.71, compared to 1730332800 on 26975284. Therefore, it implies a Short% of Shares Outstanding of 26267590 and a Short% of Float of 4.4499997.
