BlackBerry Ltd (NYSE:BB) has a beta value of 1.46 and has seen 1.88 million shares traded in the recent trading session. The company, currently valued at $1.91B, closed the recent trade at $3.20 per share which meant it gained $0.11 on the day or 3.56% during that session. The BB stock price is -95.0% off its 52-week high price of $6.24 and 37.19% 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 16.24 million shares traded. The 3-month trading volume is 23.75 million shares.
The consensus among analysts is that BlackBerry Ltd (BB) is Buy stock at the moment, with a recommendation rating of 2.75. 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 3.56% in the green 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 $3.20 or saw a rise of 2.74%. Year-to-date, BlackBerry Ltd shares have moved -15.34%, while the 5-day performance has seen it change -0.93%. Over the past 30 days, the shares of BlackBerry Ltd (NYSE:BB) have changed -26.10%. Short interest in the company has seen 32.86 million shares shorted with days to cover at 1.74.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 20.0% from the levels at last check today.. The projected low price target is $3.75 while the price target rests at a high of $4.25. In that case, then, we find that the latest price level in today’s session is -32.81% off the targeted high while a plunge would see the stock gain -17.19% from the levels at last check today..
BlackBerry Ltd (BB) estimates and forecasts
The company’s shares have gained 24.03% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -4.09%.
4 analysts offering their estimates for the company have set an average revenue estimate of 112.18M for the current quarter. 4 have an estimated revenue figure of 122.42M for the next ending quarter. Year-ago sales stood 144M and 145M respectively for this quarter and the next, and analysts expect sales will shrink by -22.09% for the current quarter and -4.09% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.28% over the past 5 years.
BB Dividends
BlackBerry Ltd is expected to release its next earnings report on 2025-Apr-01 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 1.69% of the company shares, while shares held by institutions stand at 48.52% with a share float percentage of 49.35%. Investors are also buoyed by the number of investors in a company, with BlackBerry Ltd having a total of 322.0 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 VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . As of Mar 31, 2025 , the former fund manager holds about 2.06% shares in the company for having 12.3 shares of worth $39.07 million while later fund manager owns 8.26 shares of worth $26.24 million as of Jan 31, 2025 , which makes it owner of about 1.39% of company’s outstanding stock.
