BlackBerry Ltd (NYSE:BB) has a beta value of 1.29 and has seen 7.91 million shares traded in the recent trading session. The company, currently valued at $3.55B, closed the recent trade at $6.00 per share which meant it lost -$0.07 on the day or -1.15% during that session. The BB stock price is -4.0% off its 52-week high price of $6.24 and 66.5% above the 52-week low of $2.01.
The consensus among analysts is that BlackBerry Ltd (BB) is Buy stock at the moment, with a recommendation rating of 2.50. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 20 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight.
BlackBerry Ltd (NYSE:BB) trade information
Sporting -1.15% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BB stock price touched $6.00 or saw a rise of 3.85%. Year-to-date, BlackBerry Ltd shares have moved 58.73%, while the 5-day performance has seen it change 13.85%. Over the past 30 days, the shares of BlackBerry Ltd (NYSE:BB) have changed 50.38%.
Wall Street analysts have a consensus price target for the stock at $2.8, which means that the shares’ value could drop -114.29% from the levels at last check today. The projected low price target is $2.8 while the price target rests at a high of $2.8. In that case, then, we find that the latest price level in today’s session is 53.33% off the targeted high while a plunge would see the stock lose 53.33% from the levels at last check today.
BlackBerry Ltd (BB) estimates and forecasts
The company’s shares have gained 155.32% over the past 6 months.
Earnings growth for 2025 is a modest -84.00% while over the next 5 years, the company’s earnings are expected to increase by 21.64%.
BB Dividends
BlackBerry Ltd is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
BlackBerry Ltd (NYSE:BB)’s Major holders
The top two institutional holders are FAIRFAX FINANCIAL HOLDINGS LTD/ CAN with over 46.72 million shares worth more than $116.34 million. As of 2024-06-30, FAIRFAX FINANCIAL HOLDINGS LTD/ CAN held 7.9218% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 33.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $82.66 million and represent 5.6509% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and First Trust NASDAQ Cybersecurity ETF. As of Sep 30, 2024, the former fund manager holds about 1.67% shares in the company for having 9.98 shares of worth $60.05 million while later fund manager owns 9.86 shares of worth $59.38 million as of Nov 30, 2024, which makes it owner of about 1.65% of company’s outstanding stock.
