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After finishing at $2.75 in the prior trading day, BlackBerry Ltd (NYSE: BB) closed at $2.80, up 1.82%. In other words, the price has increased by $1.82 from its previous closing price. On the day, 7.16 million shares were traded. BB stock price reached its highest trading level at $2.82 during the session, while it also had its lowest trading level at $2.68.
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 1.43 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:
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 1649855104 and an Enterprise Value of 1664854144. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 1.952 whereas that against EBITDA is 69.369.
Stock Price History:
The Beta on a monthly basis for BB is 1.39, which has changed by -0.29471034 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 0.37%, while the 200-Day Moving Average is calculated to be -26.02%.
Shares Statistics:
The stock has traded on average 10.47M shares per day over the past 3-months and 9288200 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 578.93M. Insiders hold about 1.75% of the company’s shares, while institutions hold 49.88% stake in the company. Shares short for BB as of 1711584000 were 47873879 with a Short Ratio of 4.57, compared to 1709164800 on 46381277. Therefore, it implies a Short% of Shares Outstanding of 47873879 and a Short% of Float of 8.9899994.
Earnings Estimates
BlackBerry Ltd (BB) is presently subject to a detailed evaluation by 4 analysts, each offering their unique perspectives on 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 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 analysts recommending between $0.06 and $0.
Revenue Estimates
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 $853M, down -29.50% from the average estimate. Based 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. The average revenue growth estimate for next year is up 10.70% from the average revenue estimate for this year.
