In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $3.82 in the prior trading day, BlackBerry Ltd (NYSE: BB) closed at $3.68, down -3.66%. In other words, the price has decreased by -$3.66 from its previous closing price. On the day, 16.79 million shares were traded. BB stock price reached its highest trading level at $3.9 during the session, while it also had its lowest trading level at $3.62.
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 1.37 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:
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 2192890112 and an Enterprise Value of 1799369472. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.60 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 2.825 whereas that against EBITDA is 599.79.
Stock Price History:
Over the past 52 weeks, BB has reached a high of $4.10, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is 33.25%, while the 200-Day Moving Average is calculated to be 40.33%.
Shares Statistics:
The stock has traded on average 12.05M shares per day over the past 3-months and 18391140 shares per day over the last 10 days, according to various share statistics. A total of 591.58M shares are outstanding, with a floating share count of 581.55M. Insiders hold about 1.70% of the company’s shares, while institutions hold 43.98% stake in the company. Shares short for BB as of 1732838400 were 26267590 with a Short Ratio of 2.18, compared to 1730332800 on 26975284. Therefore, it implies a Short% of Shares Outstanding of 26267590 and a Short% of Float of 4.4499997.
