In the latest trading session, 22.54 million BlackBerry Ltd (NYSE:BB) shares changed hands as the company’s beta touched 1.26. With the company’s most recent per share price at $4.77 changed hands at -$0.59 or -10.97% at last look, the market valuation stands at $2.82B. BB’s current price is a discount, trading about -30.82% off its 52-week high of $6.24. The share price had its 52-week low at $2.01, which suggests the last value was 57.86% up since then.
Analysts gave the BlackBerry Ltd (BB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.78. If we narrow down to specifics, the data shows that 2 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended BB as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
BlackBerry Ltd (NYSE:BB) trade information
Instantly BB was in red as seen in intraday trades today. With action -21.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 26.25%, with the 5-day performance at -21.38% in the red. However, in the 30-day time frame, BlackBerry Ltd (NYSE:BB) is 14.44% up.
The consensus price target for the stock as assigned by Wall Street analysts is 2.8, meaning bulls need a downside of -70.36% from its recent market value. According to analyst projections, BB’s forecast low is 2.8 with 2.8 as the target high. To hit the forecast high, the stock’s price needs a 41.3% surge from its current level, while the stock would need to tank 41.3% for it to hit the projected low.
BlackBerry Ltd (NYSE:BB)’s Major holders
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 5.6509% or 33.33 million shares worth $82.66 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard/Primecap Fund and First Trust NASDAQ Cybersecurity ETF. With 9.98 shares estimated at $47.73 million under it, the former controlled 1.67% of total outstanding shares. On the other hand, First Trust NASDAQ Cybersecurity ETF held about 1.65% of the shares, roughly 9.86 shares worth around $47.19 million.
