Company’s 36-month beta value is 1.44.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for BB is 580.71M, and currently, short sellers hold a 4.53% ratio of that floaft. The average trading volume of BB on November 29, 2024 was 8.64M shares.
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BB) stock’s latest price update
The stock price of BlackBerry Ltd (NYSE: BB) has dropped by -0.57 compared to previous close of 2.61. Despite this, the company has seen a gain of 11.85% in its stock price over the last five trading days. zacks.com reported 2024-11-26 that In the closing of the recent trading day, BlackBerry (BB) stood at $2.57, denoting no change from the preceding trading day.
BB’s Market Performance
BlackBerry Ltd (BB) has experienced a 11.85% rise in stock performance for the past week, with a 10.90% rise in the past month, and a 10.43% rise in the past quarter. The volatility ratio for the week is 4.62%, and the volatility levels for the past 30 days are at 4.00% for BB. The simple moving average for the past 20 days is 8.41% for BB’s stock, with a 0.86% 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 6.90% 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 -41.55% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 4.62%, as shares surge +14.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.02% upper at present.
During the last 5 trading sessions, BB rose by +11.64%, which changed the moving average for the period of 200-days by -6.83% in comparison to the 20-day moving average, which settled at $2.39. In addition, BlackBerry Ltd saw -26.69% 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 Kurtz Philip S., who sale 15,005 shares at the price of $2.53 back on Sep 28 ’24. After this action, Kurtz Philip S. now owns 30,129 shares of BlackBerry Ltd, valued at $37,963 using the latest closing price.
ERIKSSON MATTIAS, the President of IoT of BlackBerry Ltd, sale 52,549 shares at $2.45 during a trade that took place back on Jun 28 ’24, which means that ERIKSSON MATTIAS is holding 214,440 shares at $128,745 based on the most recent closing price.
Stock Fundamentals for BB
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.66 for the gross margin
The net margin for BlackBerry Ltd stands at -0.22. The total capital return value is set at -0.06. Equity return is now at value -17.68, with -9.48 for asset returns.
Based on BlackBerry Ltd (BB), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.38. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -18.97.
Currently, EBITDA for the company is -18.0 million with net debt to EBITDA at -1.42. When we switch over and look at the enterprise to sales, we see a ratio of 2.54. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
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.
