In last trading session, BlackBerry Ltd (NYSE:BB) saw 16.39 million shares changing hands with its beta currently measuring 1.23. Company’s recent per share price level of $4.37 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $2.59B. That closing price of BB’s stock is at a discount of -42.79% from its 52-week high price of $6.24 and is indicating a premium of 54.0% 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 30.62 million shares which gives us an average trading volume of 25.50 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 2.78. 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 0.0 in the current quarter.
BlackBerry Ltd (NYSE:BB) trade information
BlackBerry Ltd’s shares saw a change of 15.61% in year-to-date performance and have moved -6.02% in past 5-day. BlackBerry Ltd (NYSE:BB) showed a performance of -21.12% in past 30-days. Number of shares sold short was 37.66 million shares which calculate 1.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4.75 to the stock, which implies a rise of 8.0% to its current value. Analysts have been projecting 4.75 as a low price target for the stock while placing it at a high target of 4.75. It follows that stock’s current price would drop -8.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.7% for stock’s current value.
BlackBerry Ltd (BB) estimates and forecasts
This year revenue growth is estimated to fall -35.03% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 137.56M for the same. And 4 analysts are in estimates of company making revenue of 127.99M 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 -76.67% while estimates for its earnings growth in next 5 years are of 24.29%.
BlackBerry Ltd (NYSE:BB)’s Major holders
Insiders are in possession of 1.70% of company’s total shares while institution are holding 48.61 percent of that, with stock having share float percentage of 49.45%. Investors also watch the number of corporate investors in a company very closely, which is 48.61% 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.
