Company’s 36-month beta value is 1.39.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for BB is 579.82M, and currently, short sellers hold a 5.64% ratio of that floaft. The average trading volume of BB on July 29, 2024 was 10.99M shares.
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BB) stock’s latest price update
The stock price of BlackBerry Ltd (NYSE: BB) has dropped by -0.40 compared to previous close of 2.48. Despite this, the company has seen a gain of 2.07% in its stock price over the last five trading days. reuters.com reported 2024-07-29 that Canada’s BlackBerry said on Monday Tim Foote will succeed Steve Rai as chief financial officer, effective immediately, as the cybersecurity company looks separate its internet of things (IoT) and cybersecurity businesses.
BB’s Market Performance
BlackBerry Ltd (BB) has experienced a 2.07% rise in stock performance for the past week, with a 0.82% rise in the past month, and a -12.72% drop in the past quarter. The volatility ratio for the week is 3.93%, and the volatility levels for the past 30 days are at 4.57% for BB. The simple moving average for the past 20 days is 0.49% for BB’s stock, with a -19.39% simple moving average for the past 200 days.
Analysts’ Opinion of BB
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BB reach a price target of $4, previously predicting the price at $4.50. The rating they have provided for BB stocks is “Sector Perform” according to the report published on December 21st, 2023.
CIBC gave a rating of “Neutral” to BB, setting the target price at $6.50 in the report published on May 18th of the previous year.
BB Trading at -4.62% 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 -57.04% of loss for the given period.
Volatility was left at 4.57%, however, over the last 30 days, the volatility rate increased by 3.93%. Over the last 50 days, in opposition, the stock is trading -23.22% lower at present.
During the last 5 trading sessions, BB rose by +2.48%, which changed the moving average for the period of 200-days by -31.30% in comparison to the 20-day moving average, which settled at $2.46. In addition, BlackBerry Ltd saw -30.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BB starting from ERIKSSON MATTIAS, who sale 52,549 shares at the price of $2.45 back on Jun 28 ’24. After this action, ERIKSSON MATTIAS now owns 214,440 shares of BlackBerry Ltd, valued at $128,745 using the latest closing price.
BRACE PHILIP G, the Director of BlackBerry Ltd, purchase 35,000 shares at $2.79 during a trade that took place back on Feb 14 ’24, which means that BRACE PHILIP G is holding 35,000 shares at $97,650 based on the most recent closing price.
Stock Fundamentals for BB
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.66 for the gross margin
The net margin for BlackBerry Ltd stands at -0.26. The total capital return value is set at -0.08. Equity return is now at value -20.11, with -10.74 for asset returns.
Based on BlackBerry Ltd (BB), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -27.87.
Currently, EBITDA for the company is 23.86 million with net debt to EBITDA at -3.04. When we switch over and look at the enterprise to sales, we see a ratio of 2.51. The receivables turnover for the company is 3.62for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In a nutshell, BlackBerry Ltd (BB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
