BlackBerry Ltd (NYSE:BB) has a beta value of 1.40 and has seen 1.12 million shares traded in the recent trading session. The company, currently valued at $1.49B, closed the recent trade at $2.53 per share which meant it gained $0.04 on the day or 1.49% during that session. The BB stock price is -75.49% off its 52-week high price of $4.44 and 20.55% above the 52-week low of $2.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.84 million shares traded. The 3-month trading volume is 6.25 million shares.
The consensus among analysts is that BlackBerry Ltd (BB) is Buy stock at the moment, with a recommendation rating of 2.22. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 20 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.01.
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BlackBerry Ltd (NYSE:BB) trade information
Over the past 30 days, the shares of BlackBerry Ltd (NYSE:BB) have changed 5.29%. Short interest in the company has seen 30.28 million shares shorted with days to cover at 3.83.
Wall Street analysts have a consensus price target for the stock at $3.88, which means that the shares’ value could jump 34.79% from the levels at last check today. The projected low price target is $2.7 while the price target rests at a high of $6.5. In that case, then, we find that the latest price level in today’s session is -156.92% off the targeted high while a plunge would see the stock gain -6.72% from the levels at last check today.
BlackBerry Ltd (BB) estimates and forecasts
Figures show that BlackBerry Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -7.44% over the past 6 months, with this year growth rate of -140.00%, compared to 13.50% for the industry. Revenue growth from the last financial year stood is estimated to be -28.90%.
5 analysts offering their estimates for the company have set an average revenue estimate of 207.77M for the current quarter. 4 have an estimated revenue figure of 222.55M for the next ending quarter.
Earnings growth for 2024 is a modest -165.71% while over the next 5 years, the company’s earnings are expected to increase by 19.80%.
BB Dividends
BlackBerry Ltd is expected to release its next earnings report on 2024-Dec-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
BlackBerry Ltd (NYSE:BB)’s Major holders
Insiders own 1.70% of the company shares, while shares held by institutions stand at 47.50% with a share float percentage of 48.32%. Investors are also buoyed by the number of investors in a company, with BlackBerry Ltd having a total of 307.0 institutions that hold shares in the company. The top two institutional holders are FAIRFAX FINANCIAL HOLDINGS LTD/ CAN with over 46.72 million shares worth more than $116.34 million. As of 2024-06-30, FAIRFAX FINANCIAL HOLDINGS LTD/ CAN held 7.9218% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 33.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $82.66 million and represent 5.6509% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Cybersecurity ETF and Vanguard/Primecap Fund. As of Sep 30, 2024, the former fund manager holds about 1.93% shares in the company for having 11.38 shares of worth $28.39 million while later fund manager owns 9.98 shares of worth $24.89 million as of Jun 30, 2024, which makes it owner of about 1.69% of company’s outstanding stock.
