In recent trading session, BlackBerry Ltd (NYSE:BB) saw 4.16 million shares changing hands at last check today with its beta currently measuring 1.32. Company’s recent per share price level of $4.43 trading at $0.02 or 0.42% at last check today assigns it a market valuation of $2.62B. That most recent trading price of BB’s stock is at a discount of -2.48% from its 52-week high price of $4.54 and is indicating a premium of 54.63% from its 52-week low price of $2.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.24 million shares which gives us an average trading volume of 15.60 million if we extend that period to 3-months.
For BlackBerry Ltd (BB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 20 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
BlackBerry Ltd (NYSE:BB) trade information
Upright in the green today for gaining 0.42%, in the last five days BB remained trading in the green while hitting it’s week-highest on Thursday, 01/30/25 when the stock touched $4.43 price level, adding 2.42% to its value on the day. BlackBerry Ltd’s shares saw a change of 17.16% in year-to-date performance and have moved 6.20% in past 5-day. BlackBerry Ltd (NYSE:BB) showed a performance of 15.63% in past 30-days. Number of shares sold short was 26.27 million shares which calculate 2.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.8 to the stock, which implies a fall of -58.21% to its recent value today. Analysts have been projecting 2.8 as a low price target for the stock while placing it at a high target of 2.8. It follows that stock’s current price would jump 36.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.79% for stock’s current value.
BlackBerry Ltd (BB) estimates and forecasts
Statistics highlight that BlackBerry Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company added 83.00% of value to its shares in past 6 months, showing an annual growth rate of -80.00% while that of industry is 18.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -33.75% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 137.25M for the same. And 4 analysts are in estimates of company making revenue of 128.57M in the next quarter. Company posted 173M and 144M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -83.33% while estimates for its earnings growth in next 5 years are of 21.64%.
BlackBerry Ltd (NYSE:BB)’s Major holders
Insiders are in possession of 1.70% of company’s total shares while institution are holding 46.33 percent of that, with stock having share float percentage of 47.13%. Investors also watch the number of corporate investors in a company very closely, which is 46.33% institutions for BlackBerry Ltd that are currently holding shares of the company. FAIRFAX FINANCIAL HOLDINGS LTD/ CAN is the top institutional holder at BB for having 46.72 million shares of worth $116.34 million. And as of 2024-06-30, it was holding 7.9218 of the company’s outstanding shares.
The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 33.33 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.6509 of outstanding shares, having a total worth of $82.66 million.
On the other hand, Vanguard/Primecap Fund and First Trust NASDAQ Cybersecurity ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 9.98 shares of worth $44.74 million or 1.69% of the total outstanding shares. The later fund manager was in possession of 9.86 shares on Nov 30, 2024, making its stake of worth around $44.24 million in the company or a holder of 1.67% of company’s stock.
