BlackBerry Ltd (NYSE:BB)’s traded shares stood at 6.82 million during the last session, with the company’s beta value hitting 1.40. At the close of trading, the stock’s price was $2.39, to imply a decrease of -1.24% or -$0.03 in intraday trading. The BB share’s 52-week high remains $4.44, putting it -85.77% down since that peak but still an impressive 15.9% since price per share fell to its 52-week low of $2.01. The company has a valuation of $1.41B, with an average of 8.72 million shares in intraday trading volume over the past 10 days and average of 6.60 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for BlackBerry Ltd (BB), translating to a mean rating of 2.22. Of 20 analyst(s) looking at the stock, 2 analyst(s) give BB a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.
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BlackBerry Ltd (NYSE:BB) trade information
After registering a -1.24% downside in the last session, BlackBerry Ltd (BB) has traded red over the past five days. The 5-day price performance for the stock is -6.64%, and -5.91% over 30 days. With these gigs, the year-to-date price performance is -32.49%. Short interest in BlackBerry Ltd (NYSE:BB) saw shorts transact 30.28 million shares and set a 3.83 days time to cover.
The extremes give us $2.8 and $6.5 for target low and target high price respectively. As such, BB has been trading -171.97% off suggested target high and -17.15% from its likely low.
BlackBerry Ltd (BB) estimates and forecasts
Looking at statistics comparing BlackBerry Ltd share performance against respective industry, we note that the company has underperformed competitors. BlackBerry Ltd (BB) shares are -15.55% down over the last 6 months, with its year-to-date growth rate lower than industry average at -140.00% against 15.50%. Revenue is forecast to shrink -200.00% this quarter before falling -50.00% for the next one. The rating firms project that company’s revenue will shrink -28.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 208.86M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 223.72M.
BB Dividends
BlackBerry Ltd has its next earnings report out on 2024-Dec-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
BlackBerry Ltd (NYSE:BB)’s Major holders
BlackBerry Ltd insiders hold 1.70% of total outstanding shares, with institutional holders owning 47.47% of the shares at 48.30% float percentage. In total, 47.47% institutions holds shares in the company, led by FAIRFAX FINANCIAL HOLDINGS LTD/ CAN. As of 2024-06-30, the company held over 46.72 million shares (or 7.9218% of shares), all amounting to roughly $116.34 million.
The next major institution holding the largest number of shares is PRIMECAP MANAGEMENT CO/CA/ with 33.33 million shares, or about 5.6509% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $82.66 million.
We also have Global X Fds-Global X Cybersecurity ETF and Vanguard/Primecap Fund as the top two Mutual Funds with the largest holdings of the BlackBerry Ltd (BB) shares. Going by data provided on Sep 30, 2024 , Global X Fds-Global X Cybersecurity ETF holds roughly 11.38 shares. This is just over 1.93% of the total shares, with a market valuation of $27.2 million. Data from the same date shows that the other fund manager holds a little less at 9.98, or 1.69% of the shares, all valued at about 23.84 million.
