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The closing price of BlackBerry Ltd (NYSE: BB) was $2.42 for the day, up 0.83% from the previous closing price of $2.40. In other words, the price has increased by $0.83 from its previous closing price. On the day, 5.2 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 $2.39.
Ratios:
Our analysis of BB’s different ratios will help us gain a deeper understanding of the company. 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 0.33 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1437117056 and an Enterprise Value of 1434415616. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.29 while its Price-to-Book (P/B) ratio in mrq is 1.92. Its current Enterprise Value per Revenue stands at 2.299 whereas that against EBITDA is -62.366.
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 $2.20. The 50-Day Moving Average of the stock is -5.49%, while the 200-Day Moving Average is calculated to be -20.71%.
Shares Statistics:
BB traded an average of 11.01M shares per day over the past three months and 5155020 shares per day over the past ten days. A total of 589.23M shares are outstanding, with a floating share count of 579.82M. Insiders hold about 1.75% of the company’s shares, while institutions hold 56.48% stake in the company. Shares short for BB as of 1721001600 were 32717693 with a Short Ratio of 2.97, compared to 1718323200 on 51992700. Therefore, it implies a Short% of Shares Outstanding of 32717693 and a Short% of Float of 5.55.
