Buy, Sell Or Hold BlackBerry Ltd (NYSE:BB) At $2.92?

In last trading session, BlackBerry Ltd (NYSE:BB) saw 5.52 million shares changing hands with its beta currently measuring 1.38. Company’s recent per share price level of $2.92 trading at $0.08 or 2.82% at ring of the bell on the day assigns it a market valuation of $1.72B. That closing price of BB’s stock is at a discount of -96.92% from its 52-week high price of $5.75 and is indicating a premium of 15.75% from its 52-week low price of $2.46. Taking a look at company’s average trading volume volume of 8.83 million if we extend that period to 3-months.

BlackBerry Ltd (NYSE:BB) trade information

Upright in the green during last session for gaining 2.82%, in the last five days BB remained trading in the green while hitting it’s week-highest on Thursday, 05/02/24 when the stock touched $2.92 price level, adding 1.68% to its value on the day. BlackBerry Ltd’s shares saw a change of -17.51% in year-to-date performance and have moved 5.04% in past 5-day. BlackBerry Ltd (NYSE:BB) showed a performance of 3.91% in past 30-days.

BlackBerry Ltd (BB) estimates and forecasts

Statistics highlight that BlackBerry Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -18.44% of value to its shares in past 6 months, showing an annual growth rate of -160.00% while that of industry is 14.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -29.50% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 134.05M for the same. And 4 analysts are in estimates of company making revenue of 142.41M in the next quarter.

BB Dividends

BlackBerry Ltd is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.