Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, BlackBerry Ltd (NYSE: BB) closed at $2.86 down -1.04% from its previous closing price of $2.89. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 4.26 million shares were traded. BB stock price reached its highest trading level at $2.88 during the session, while it also had its lowest trading level at $2.81.
Ratios:
For a deeper understanding of BlackBerry Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.30.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1685209088 and an Enterprise Value of 1717885184. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 2.014 whereas that against EBITDA is 71.579.
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 1.33%, while the 200-Day Moving Average is calculated to be -21.99%.
Shares Statistics:
For the past three months, BB has traded an average of 8.68M shares per day and 4476700 over the past ten days. A total of 589.23M shares are outstanding, with a floating share count of 578.93M. Insiders hold about 1.75% of the company’s shares, while institutions hold 50.18% stake in the company. Shares short for BB as of 1713139200 were 44214311 with a Short Ratio of 5.09, compared to 1710460800 on 43289675. Therefore, it implies a Short% of Shares Outstanding of 44214311 and a Short% of Float of 8.3000004.
Earnings Estimates
The stock of BlackBerry Ltd (BB) is currently in the spotlight, with 4.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.05, while EPS last year was $0.06. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.0 and -$0.06 for the fiscal current year, implying an average EPS of -$0.04. EPS for the following year is $0.03, with 7.0 analysts recommending between $0.06 and $0.0.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $142.41M. There is a high estimate of $143.5M for the next quarter, whereas the lowest estimate is $141M.
A total of 9 analysts have provided revenue estimates for BB’s current fiscal year. The highest revenue estimate was $615M, while the lowest revenue estimate was $595.32M, resulting in an average revenue estimate of $600.97M. In the same quarter a year ago, actual revenue was $853MBased on 8 analysts’ estimates, the company’s revenue will be $665.4M in the next fiscal year. The high estimate is $730.37M and the low estimate is $623.1M.
