BlackBerry Ltd (NYSE:BB) has a beta value of 1.41 and has seen 12.13 million shares traded in the recent trading session. The company, currently valued at $1.93B, closed the recent trade at $3.27 per share which meant it lost -$0.46 on the day or -12.33% during that session. The BB stock price is -90.83% off its 52-week high price of $6.24 and 38.53% above the 52-week low of $2.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.62 million shares traded. The 3-month trading volume is 24.16 million shares.
The consensus among analysts is that BlackBerry Ltd (BB) is Buy stock at the moment, with a recommendation rating of 2.67. 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 -12.33% in the red today, 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 $3.27 or saw a rise of 20.63%. Year-to-date, BlackBerry Ltd shares have moved -13.49%, while the 5-day performance has seen it change -21.20%. Over the past 30 days, the shares of BlackBerry Ltd (NYSE:BB) have changed -26.02%. Short interest in the company has seen 34.59 million shares shorted with days to cover at 1.07.
Wall Street analysts have a consensus price target for the stock at $4.75, which means that the shares’ value could jump 31.16% from the levels at last check today. The projected low price target is $4.75 while the price target rests at a high of $4.75. In that case, then, we find that the latest price level in today’s session is -45.26% off the targeted high while a plunge would see the stock gain -45.26% from the levels at last check today.
BlackBerry Ltd (BB) estimates and forecasts
The company’s shares have gained 24.81% 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 132.81M for the current quarter. 4 have an estimated revenue figure of 127.99M 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 -23.23% 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 24.29%.
BB Dividends
BlackBerry Ltd is expected to release its next earnings report on 2024-Dec-18 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
Insiders own 1.70% of the company shares, while shares held by institutions stand at 48.42% with a share float percentage of 49.25%. Investors are also buoyed by the number of investors in a company, with BlackBerry Ltd having a total of 324.0 institutions that hold shares in the company. 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 TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF and Manager Directed Portfolios-Hood River Small-Cap Growth Fund. As of Feb 28, 2025, the former fund manager holds about 1.92% shares in the company for having 11.44 shares of worth $38.37 million while later fund manager owns 8.24 shares of worth $27.65 million as of Dec 31, 2024, which makes it owner of about 1.38% of company’s outstanding stock.
