During the last session, BlackBerry Ltd (NYSE:BB)’s traded shares were 18.91 million, with the beta value of the company hitting 1.30. At the end of the trading day, the stock’s price was $3.82, reflecting an intraday gain of 1.06% or $0.04. The 52-week high for the BB share is $4.06, that puts it down -6.28 from that peak though still a striking 47.38% gain since the share price plummeted to a 52-week low of $2.01. The company’s market capitalization is $2.26B, and the average intraday trading volume over the past 10 days was 18.38 million shares, and the average trade volume was 11.91 million shares over the past three months.
BlackBerry Ltd (BB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. BB has a Sell rating from 2 analyst(s) out of 20 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it.
BlackBerry Ltd (NYSE:BB) trade information
BlackBerry Ltd (BB) registered a 1.06% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.06% in intraday trading to $3.82, hitting a weekly high. The stock’s 5-day price performance is -3.54%, and it has moved by 49.22% in 30 days. Based on these gigs, the overall price performance for the year is 11.37%. The short interest in BlackBerry Ltd (NYSE:BB) is 26.27 million shares and it means that shorts have 2.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.8, which implies a decrease of -36.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.8 and $2.8 respectively. As a result, BB is trading at a premium of 26.7% off the target high and 26.7% off the low.
BlackBerry Ltd (BB) estimates and forecasts
Statistics show that BlackBerry Ltd has underperformed its competitors in share price, compared to the industry in which it operates. BlackBerry Ltd (BB) shares have gone up 53.41% during the last six months, with a year-to-date growth rate less than the industry average at -80.00% against 17.30.
While earnings are projected to return -140.00% in 2025, the next five years will return 19.80% per annum.
BB Dividends
BlackBerry Ltd is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
BlackBerry Ltd (NYSE:BB)’s Major holders
BlackBerry Ltd insiders own 1.70% of total outstanding shares while institutional holders control 46.33%, with the float percentage being 47.13%. FAIRFAX FINANCIAL HOLDINGS LTD/ CAN is the largest shareholder of the company, while 300.0 institutions own stock in it. As of 2024-06-30, the company held over 46.72 million shares (or 7.9218% of all shares), a total value of $116.34 million in shares.
The next largest institutional holding, with 33.33 million shares, is of PRIMECAP MANAGEMENT CO/CA/’s that is approximately 5.6509% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $82.66 million.
