In the latest trading session, 4.3 million BlackBerry Ltd (NYSE:BB) shares changed hands as the company’s beta touched 1.40. With the company’s most recent per share price at $2.52 changed hands at -$0.1 or -3.82% at last look, the market valuation stands at $1.49B. BB’s current price is a discount, trading about -86.51% off its 52-week high of $4.70. The share price had its 52-week low at $2.01, which suggests the last value was 20.24% up since then. When we look at BlackBerry Ltd’s average trading volume, we note the 10-day average is 12.09 million shares, with the 3-month average coming to 5.93 million.
Analysts gave the BlackBerry Ltd (BB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 2 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended BB as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
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BlackBerry Ltd (NYSE:BB) trade information
Instantly BB was in red as seen in intraday trades today. With action 2.86%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -28.81%, with the 5-day performance at 2.86% in the green. However, in the 30-day time frame, BlackBerry Ltd (NYSE:BB) is 7.23% up. Looking at the short shares, we see there were 29.49 million shares sold at short interest cover period of 7.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.88, meaning bulls need an upside of 35.05% from its recent market value. According to analyst projections, BB’s forecast low is 2.7 with 6.5 as the target high. To hit the forecast high, the stock’s price needs a -157.94% plunge from its current level, while the stock would need to soar -7.14% for it to hit the projected low.
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 -10.00% over the past 6 months, a -200.00% in annual growth rate that is considerably lower than the industry average of 11.80%.
The 2024 estimates are for BlackBerry Ltd earnings to decrease by -194.29%.
BB Dividends
BlackBerry Ltd is expected to release its next quarterly earnings report on 2024-Dec-18.
BlackBerry Ltd (NYSE:BB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.70% of BlackBerry Ltd shares while 48.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.31%. There are 48.47% institutions holding the BlackBerry Ltd stock share, with FAIRFAX FINANCIAL HOLDINGS LTD/ CAN the top institutional holder. As of 2024-06-30, the company held 7.9218% of the shares, roughly 46.72 million BB shares worth $116.34 million.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 5.6509% or 33.33 million shares worth $82.66 million as of 2024-06-30.
