BlackBerry Ltd (NYSE:BB) has a beta value of 1.24 and has seen 17.31 million shares traded in the last trading session. The company, currently valued at $2.67B, closed the last trade at $4.52 per share which meant it gained $0.11 on the day or 2.49% during that session. The BB stock price is -38.05% off its 52-week high price of $6.24 and 55.53% 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 2.78. 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. The expected earnings per share for the stock is 0.0.
BlackBerry Ltd (NYSE:BB) trade information
Sporting 2.49% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BB stock price touched $4.52 or saw a rise of 8.87%. Year-to-date, BlackBerry Ltd shares have moved 19.58%, while the 5-day performance has seen it change -4.03%. Over the past 30 days, the shares of BlackBerry Ltd (NYSE:BB) have changed -11.02%.
Wall Street analysts have a consensus price target for the stock at $2.8, which means that the shares’ value could drop -61.43% from current levels. 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 current price level is 38.05% off the targeted high while a plunge would see the stock lose 38.05% from current levels.
BlackBerry Ltd (BB) estimates and forecasts
The company’s shares have gained 98.25% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -35.03%.
4 analysts offering their estimates for the company have set an average revenue estimate of 137.56M for the current quarter. 4 have an estimated revenue figure of 127.11M for the next ending quarter. Year-ago sales stood 173M and 144M respectively for this quarter and the next, and analysts expect sales will shrink by -20.49% for the current quarter and -35.03% for the next.
Earnings growth for 2025 is a modest -76.67% 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 April 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 First Trust NASDAQ Cybersecurity ETF and Vanguard International Stock Index-Total Intl Stock Indx . As of Dec 31, 2024 , the former fund manager holds about 1.82% shares in the company for having 10.82 shares of worth $48.92 million while later fund manager owns 8.22 shares of worth $37.14 million as of Oct 31, 2024 , which makes it owner of about 1.38% of company’s outstanding stock.
