Stock Performance Spotlight: BlackBerry Ltd (BB) Ends the Day at 2.45, Up by 1.24

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As of close of business last night, BlackBerry Ltd’s stock clocked out at $2.45, up 1.24% from its previous closing price of $2.42. In other words, the price has increased by $1.24 from its previous closing price. On the day, 4.98 million shares were traded. BB stock price reached its highest trading level at $2.48 during the session, while it also had its lowest trading level at $2.38.


To gain a deeper understanding of BB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.31.

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:

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 Jun 28 ’24 when ERIKSSON MATTIAS sold 52,549 shares for $2.45 per share. The transaction valued at 128,745 led to the insider holds 214,440 shares of the business.

BRACE PHILIP G bought 35,000 shares of BB for $97,650 on Feb 14 ’24. The Director now owns 35,000 shares after completing the transaction at $2.79 per share. On Jan 08 ’24, another insider, Rai Steve, who serves as the Chief Financial Officer of the company, sold 20,047 shares for $3.25 each. As a result, the insider received 65,153 and left with 84,599 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 1476090752 and an Enterprise Value of 1463924224. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 2.346 whereas that against EBITDA is -63.649.

Stock Price History:

The Beta on a monthly basis for BB is 1.40, which has changed by -0.5233463 over the last 52 weeks, in comparison to a change of 0.23886502 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 $2.20. The 50-Day Moving Average of the stock is -11.04%, while the 200-Day Moving Average is calculated to be -25.01%.

Shares Statistics:

It appears that BB traded 11.83M shares on average per day over the past three months and 17107430 shares per day over the past ten days. A total of 589.23M shares are outstanding, with a floating share count of 579.93M. Insiders hold about 1.73% of the company’s shares, while institutions hold 54.76% stake in the company. Shares short for BB as of 1718323200 were 51992700 with a Short Ratio of 4.39, compared to 1715731200 on 42131319. Therefore, it implies a Short% of Shares Outstanding of 51992700 and a Short% of Float of 8.8199995.

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