During the recent session, BlackBerry Ltd (NYSE:BB)’s traded shares were 4.65 million, with the beta value of the company hitting 1.31. At the last check today, the stock’s price was $4.11, reflecting an intraday gain of 0.37% or $0.02. The 52-week high for the BB share is $4.35, that puts it down -5.84 from that peak though still a striking 51.09% gain since the share price plummeted to a 52-week low of $2.01. The company’s market capitalization is $2.43B, and the average intraday trading volume over the past 10 days was 18.41 million shares, and the average trade volume was 14.22 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.01.
BlackBerry Ltd (NYSE:BB) trade information
BlackBerry Ltd (BB) registered a 0.37% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.37% in intraday trading to $4.11, hitting a weekly high. The stock’s 5-day price performance is -0.85%, and it has moved by 37.75% in 30 days. Based on these gigs, the overall price performance for the year is 14.03%. 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 -46.79% 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 31.87% off the target high and 31.87% 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 66.19% during the last six months, with a year-to-date growth rate less than the industry average at -80.00% against 17.70. In the rating firms’ projections, revenue will decrease -33.75% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 137.25M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 128.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 173M and 144M respectively. In this case, analysts expect current quarter sales to shrink by -20.67% and then drop by -10.71% in the coming quarter.
While earnings are projected to return -83.33% 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.
Also, the Mutual Funds coming in first place with the largest holdings of BlackBerry Ltd (BB) shares are Vanguard/Primecap Fund and First Trust NASDAQ Cybersecurity ETF. Data provided on Sep 30, 2024 indicates that Vanguard/Primecap Fund owns about 9.98 shares. This amounts to just over 1.69 percent of the company’s overall shares, with a $40.75 million market value. The same data shows that the other fund manager holds slightly less at 9.86, or about 1.67% of the stock, which is worth about $40.29 million.