In today’s recent session, 1.75 million shares of the BlackBerry Ltd (NYSE:BB) have been traded, and its beta is 1.45. Most recently the company’s share price was $3.23, and it changed around $0.0 or -0.05% from the last close, which brings the market valuation of the company to $1.92B. BB at last check was trading at a discount to its 52-week high of $6.24, offering almost -93.19% off that amount. The share price’s 52-week low was $2.01, which indicates that the recent value has risen by an impressive 37.77% since then. We note from BlackBerry Ltd’s average daily trading volume that its 10-day average is 19.42 million shares, with the 3-month average coming to 23.96 million.
BlackBerry Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 2.75. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended BB as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. BlackBerry Ltd is expected to report earnings per share of 0.0 for the current quarter.
BlackBerry Ltd (NYSE:BB) trade information
Instantly BB has been showing red trend so far today with a performance of -0.05% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.29 on recent trading dayincreased the stock’s daily price by 1.82%. The company’s shares are currently down -14.60% year-to-date, but still down -1.88% over the last five days. On the other hand, BlackBerry Ltd (NYSE:BB) is -26.80% down in the 30-day period. We can see from the shorts that 32.86 million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 19.25% from its current value. Analyst projections state that BB is forecast to be at a low of $3.75 and a high of $4.25.
BlackBerry Ltd (BB) estimates and forecasts
The year-over-year growth rate is expected to be -4.09%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 112.18M in revenue for the current quarter. 4 analysts expect BlackBerry Ltd to make 122.42M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 144M and 145M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.09%. Forecasts for the next quarter put sales growth at -15.57%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.28%.
BB Dividends
BlackBerry Ltd’s next quarterly earnings report is expected to be released on 2025-Apr-01.
BlackBerry Ltd (NYSE:BB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.69% of BlackBerry Ltd shares, and 48.52% of them are in the hands of institutional investors. The stock currently has a share float of 49.35%. BlackBerry Ltd stock is held by 323.0 institutions, with FAIRFAX FINANCIAL HOLDINGS LTD/ CAN being the largest institutional investor. By 2024-06-30, it held 7.9218% of the shares, which is about 46.72 million shares worth $116.34 million.
PRIMECAP MANAGEMENT CO/CA/, with 5.6509% or 33.33 million shares worth $82.66 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 12.3 shares worth $39.85 million, making up 2.06% of all outstanding shares. On the other hand, VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund held roughly 8.26 shares worth around $26.77 million, which represents about 1.39% of the total shares outstanding.
