BlackBerry Ltd (NYSE:BB)’s traded shares stood at 5.2 million during the latest session, with the company’s beta value hitting 1.30. At the last check today, the stock’s price was $4.07, to imply a decrease of -3.21% or -$0.14 in intraday trading. The BB share’s 52-week high remains $4.35, putting it -6.88% down since that peak but still an impressive 50.61% since price per share fell to its 52-week low of $2.01. The company has a valuation of $2.41B, with an average of 19.64 million shares in intraday trading volume over the past 10 days and average of 13.69 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 2.50. 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.
BlackBerry Ltd (NYSE:BB) trade information
After registering a -3.21% downside in the latest session, BlackBerry Ltd (BB) has traded red over the past five days. The 5-day price performance for the stock is 0.37%, and 31.88% over 30 days. With these gigs, the year-to-date price performance is 7.80%. Short interest in BlackBerry Ltd (NYSE:BB) saw shorts transact 26.27 million shares and set a 2.67 days time to cover.
The extremes give us $2.8 and $2.8 for target low and target high price respectively. As such, BB has been trading 31.2% off suggested target high and 31.2% 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 69.09% up over the last 6 months, with its year-to-date growth rate lower than industry average at -80.00% against 17.30%. The rating firms project that company’s revenue will shrink -33.74% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 137.34M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 128.85M.Earnings reports from the last fiscal year show that sales brought in 173M and 144M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -20.61% before dropping -10.52% in the following quarter.
BB Dividends
BlackBerry Ltd has its next earnings report out in February. 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 46.33% of the shares at 47.13% float percentage. In total, 46.33% 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 Vanguard/Primecap Fund and First Trust NASDAQ Cybersecurity ETF as the top two Mutual Funds with the largest holdings of the BlackBerry Ltd (BB) shares. Going by data provided on Sep 30, 2024, Vanguard/Primecap Fund holds roughly 9.98 shares. This is just over 1.69% of the total shares, with a market valuation of $40.55 million. Data from the same date shows that the other fund manager holds a little less at 9.86, or 1.67% of the shares, all valued at about 40.1 million.
