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BlackBerry Ltd (NYSE: BB) closed the day trading at $2.30 up 2.22% from the previous closing price of $2.25. In other words, the price has increased by $2.22 from its previous closing price. On the day, 5.13 million shares were traded. BB stock price reached its highest trading level at $2.31 during the session, while it also had its lowest trading level at $2.25.
Ratios:
For a better understanding of BB, let’s look at 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:
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 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 1358674432 and an Enterprise Value of 1397674368. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 2.194 whereas that against EBITDA is 465.891.
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 -4.56%, while the 200-Day Moving Average is calculated to be -11.89%.
Shares Statistics:
Over the past 3-months, BB traded about 6.92M shares per day on average, while over the past 10 days, BB traded about 7330520 shares per day. A total of 589.23M shares are outstanding, with a floating share count of 580.61M. Insiders hold about 1.71% of the company’s shares, while institutions hold 45.19% stake in the company. Shares short for BB as of 1728950400 were 26300336 with a Short Ratio of 3.80, compared to 1726185600 on 29489003. Therefore, it implies a Short% of Shares Outstanding of 26300336 and a Short% of Float of 4.46.
Earnings Estimates
A comprehensive evaluation of BlackBerry Ltd (BB) is underway, with the input of 5.0 analysts contributing to its current rating.The consensus estimate for the next quarter is $0.02, with high estimates of $0.03 and low estimates of $0.01.
Analysts are recommending an EPS of between -$0.01 and -$0.04 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $0.08, with 8.0 analysts recommending between $0.14 and $0.03.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $224.48M. There is a high estimate of $227.53M for the next quarter, whereas the lowest estimate is $221.9M.
A total of 8 analysts have provided revenue estimates for BB’s current fiscal year. The highest revenue estimate was $856.28M, while the lowest revenue estimate was $833.1M, resulting in an average revenue estimate of $838.38M. In the same quarter a year ago, actual revenue was $1.17BBased on 8 analysts’ estimates, the company’s revenue will be $902.49M in the next fiscal year. The high estimate is $973.05M and the low estimate is $866.01M.
