The stock price of BlackBerry Limited (NYSE: BB) has plunged by -0.96 when compared to previous closing price of 5.23, but the company has seen a -4.25% decline in its stock price over 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?
and a 36-month beta value of 1.53. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The average price predicted for BlackBerry Limited (BB) by analysts is $6.06, which is $0.32 above the current market price. The public float for BB is 569.04M, and at present, short sellers hold a – of that float. On May 26, 2023, the average trading volume of BB was 5.35M shares.
BB’s Market Performance
BB’s stock has seen a -4.25% decrease for the week, with a 30.48% rise in the past month and a 36.32% gain in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 4.19% for BlackBerry Limited The simple moving average for the past 20 days is 6.69% for BB’s stock, with a 12.25% simple moving average for the past 200 days.
BB Trading at 16.88% 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 -28.06% of loss for the given period.
Volatility was left at 4.19%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +31.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.00% upper at present.
During the last 5 trading sessions, BB fell by -4.25%, which changed the moving average for the period of 200-days by -21.40% in comparison to the 20-day moving average, which settled at $4.92. In addition, BlackBerry Limited saw 58.90% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BB starting from Dickman Marjorie, who sale 28,237 shares at the price of $4.63 back on Apr 03. After this action, Dickman Marjorie now owns 35,372 shares of BlackBerry Limited, valued at $130,737 using the latest closing price.
GIAMATTEO JOHN JOSEPH, the President of Cyber Security of BlackBerry Limited, sale 30,239 shares at $3.42 during a trade that took place back on Jan 03, which means that GIAMATTEO JOHN JOSEPH is holding 76,485 shares at $103,417 based on the most recent closing price.
Stock Fundamentals for BB
Current profitability levels for the company are sitting at:
- -34.15 for the present operating margin
- +49.24 for the gross margin
The net margin for BlackBerry Limited stands at -111.89. Equity return is now at value -59.80, with -33.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To sum up, BlackBerry Limited (BB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
