BlackBerry Limited (NYSE:BB) went up by 1.21% from its latest closing price compared to the recent 1-year high of $9.31. The company’s stock price has collected 9.16% of gains in the last five trading sessions. Barron’s reported on 03/21/22 that BlackBerry’s Valuation Makes It More Attractive. The Stock Gets an Upgrade.
Is It Worth Investing in BlackBerry Limited (NYSE :BB) Right Now?
Plus, the 36-month beta value for BB is at 1.52. Opinions of the stock are interesting as 1 analysts out of 10 who provided ratings for BlackBerry Limited declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $5.83, which is $0.78 above the current price. BB currently public float of 570.08M and currently shorts hold a 5.34% ratio of that float. Today, the average trading volume of BB was 6.88M shares.
BB’s Market Performance
BB stocks went up by 9.16% for the week, with a monthly jump of 1.46% and a quarterly performance of -1.18%, while its annual performance rate touched -53.30%. The volatility ratio for the week stands at 4.65% while the volatility levels for the past 30 days are set at 5.42% for BlackBerry Limited. The simple moving average for the period of the last 20 days is 15.05% for BB stocks with a simple moving average of -21.90% for the last 200 days.
Analysts’ Opinion of BB
Many brokerage firms have already submitted their reports for BB stocks, with Robert W. Baird repeating the rating for BB by listing it as a “Neutral.” The predicted price for BB in the upcoming period, according to Robert W. Baird is $7 based on the research report published on August 12th of the previous year 2022.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BB reach a price target of $7. The rating they have provided for BB stocks is “Sector Perform” according to the report published on March 21st, 2022.
Canaccord Genuity gave a rating of “Hold” to BB, setting the target price at $10 in the report published on August 18th of the previous year.
BB Trading at -1.90% from the 50-Day Moving Average
After a stumble in the market that brought BB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.19% of loss for the given period.
Volatility was left at 5.42%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares surge +0.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.21% lower at present.
During the last 5 trading sessions, BB rose by +9.16%, which changed the moving average for the period of 200-days by -40.93% in comparison to the 20-day moving average, which settled at $3.63. In addition, BlackBerry Limited saw 27.91% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BB starting from Wilson Mark George, who sale 3,436 shares at the price of $3.42 back on Jan 03. After this action, Wilson Mark George now owns 85,496 shares of BlackBerry Limited, valued at $11,751 using the latest closing price.
Kurtz Philip S., the CLO & Corp. Secretary of BlackBerry Limited, sale 1,240 shares at $3.32 during a trade that took place back on Jan 03, which means that Kurtz Philip S. is holding 5,343 shares at $4,117 based on the most recent closing price.
Stock Fundamentals for BB
Current profitability levels for the company are sitting at:
- -29.81 for the present operating margin
- +42.06 for the gross margin
The net margin for BlackBerry Limited stands at +1.67. Equity return is now at value -6.80, with -4.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.