In the latest trading session, 0.9 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 $2.60 changing hands around $0.02 or 0.66% at last look, the market valuation stands at $1.53B. BB’s current price is a discount, trading about -70.77% off its 52-week high of $4.44. The share price had its 52-week low at $2.01, which suggests the last value was 22.69% up since then. When we look at BlackBerry Ltd’s average trading volume, we note the 10-day average is 8.87 million shares, with the 3-month average coming to 6.56 million.
Analysts gave the BlackBerry Ltd (BB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.22. 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. BlackBerry Ltd’s EPS for the current quarter is expected to be -0.01.
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BlackBerry Ltd (NYSE:BB) trade information
Instantly BB is in green as seen in intraday trades today. With action 4.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.64%, with the 5-day performance at 4.30% in the green. However, in the 30-day time frame, BlackBerry Ltd (NYSE:BB) is 6.43% up. Looking at the short shares, we see there were 30.28 million shares sold at short interest cover period of 3.83 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.88, meaning bulls need an upside of 32.99% from its recent market value. According to analyst projections, BB’s forecast low is 2.8 with 6.5 as the target high. To hit the forecast high, the stock’s price needs a -150.0% plunge from its current level, while the stock would need to soar -7.69% 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 -10.14% over the past 6 months, a -140.00% in annual growth rate that is considerably lower than the industry average of 13.70%. Year-over-year growth is forecast to reach -28.80% 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 208.05M. 4 analysts are of the opinion that BlackBerry Ltd’s revenue for the current quarter will be 222.85M. The estimates for the next quarter sales put growth at -6.00%.
The 2024 estimates are for BlackBerry Ltd earnings to decrease by -165.71%, but the outlook for the next 5-year period is at 19.80% per year.
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 46.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.23%. There are 46.42% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Global X Fds-Global X Cybersecurity ETF and Vanguard/Primecap Fund. With 11.38 shares estimated at $29.48 million under it, the former controlled 1.93% of total outstanding shares. On the other hand, Vanguard/Primecap Fund held about 1.69% of the shares, roughly 9.98 shares worth around $25.84 million.
