In the last trading session, 92.28 million shares of the BlackBerry Ltd (NYSE:BB) were traded, and its beta was 1.39. Most recently the company’s share price was $3.47, and it changed around $0.37 or 11.94% from the last close, which brings the market valuation of the company to $2.04B. BB currently trades at a discount to its 52-week high of $5.75, offering almost -65.71% off that amount. The share price’s 52-week low was $2.46, which indicates that the current value has risen by an impressive 29.11% since then. We note from BlackBerry Ltd’s average daily trading volume that its 3-month average coming to 8.82 million.
BlackBerry Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 2.64. If we narrow it down even further, the data shows that 2 out of 16 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended BB as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. BlackBerry Ltd is expected to report earnings per share of -$0.04 for the current quarter.
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BlackBerry Ltd (NYSE:BB) trade information
Instantly BB has showed a green trend with a performance of 11.94% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -1.98% year-to-date, but still up 20.07% over the last five days. On the other hand, BlackBerry Ltd (NYSE:BB) is 25.72% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 30.6% from its current value. Analyst projections state that BB is forecast to be at a low of $4 and a high of $6.5.
BlackBerry Ltd (BB) estimates and forecasts
BlackBerry Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -4.67 percent over the past six months and at a -160.00% annual growth rate that is well below the industry average of 16.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -166.70% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be -29.50%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $134.05 million in revenue for the current quarter. 4 analysts expect BlackBerry Ltd to make $142.41 million in revenue for the quarter ending Aug 2024. The company’s sales for a year ago were $132 million respectively. Forecasts for the next quarter put sales growth at 7.90%.
