BlackBerry Ltd (NYSE: BB) Is Becoming An Interest-Losing Stock With A -3.99% Decline

In the last trading session, 6.54 million BlackBerry Ltd (NYSE:BB) shares changed hands as the company’s beta touched 1.39. With the company’s per share price at $2.89 changed hands at -$0.12 or -3.99% during last session, the market valuation stood at $1.70B. BB’s last price was a discount, traded about -98.96% off its 52-week high of $5.75. The share price had its 52-week low at $2.46, which suggests the last value was 14.88% up since then. When we look at BlackBerry Ltd’s average trading volume, we note the 3-month average coming to 8.65 million.

BlackBerry Ltd (NYSE:BB) trade information

Instantly BB was in red as seen at the end of in last trading. With action 3.58%, the performance over the past five days has been green. The drop to weekly highs of 3.06 subtracted -3.99% to the stock’s daily price. The company’s shares are showing year-to-date downside of -18.36%, with the 5-day performance at 3.58% in the green. However, in the 30-day time frame, BlackBerry Ltd (NYSE:BB) is 0.35% up.

BlackBerry Ltd (BB) estimates and forecasts

Data shows that the BlackBerry Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.73% over the past 6 months, a -160.00% in annual growth rate that is considerably lower than the industry average of 16.30%. Year-over-year growth is forecast to reach -29.50% down from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 134.05M. 4 analysts are of the opinion that BlackBerry Ltd’s revenue for the current quarter will be 142.41M. The estimates for the next quarter sales put growth at 7.90%.

The 2024 estimates are for BlackBerry Ltd earnings to decrease by -240.00%.

BB Dividends

BlackBerry Ltd is expected to release its next quarterly earnings report in June.