BlackBerry Ltd (NYSE: BB): Is This The Time To Buy?

BlackBerry Ltd (NYSE:BB)’s traded shares stood at 14.8 million during the last session, with the company’s beta value hitting 1.44. At the close of trading, the stock’s price was $3.87, to imply an increase of 1.31% or $0.05 in intraday trading. The BB share’s 52-week high remains $6.24, putting it -61.24% down since that peak but still an impressive 48.06% since price per share fell to its 52-week low of $2.01.

Analysts have given a consensus recommendation of Buy for BlackBerry Ltd (BB), translating to a mean rating of 2.75. Of 20 analyst(s) looking at the stock, 2 analyst(s) give BB a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 12 recommend it as a Buy.

BlackBerry Ltd (NYSE:BB) trade information

After registering a 1.31% upside in the last session, BlackBerry Ltd (BB) has traded red over the past five days. The 5-day price performance for the stock is -0.51%, and 17.63% over 30 days. With these gigs, the year-to-date price performance is 2.38%.

The extremes give us $3.75 and $4.25 for target low and target high price respectively. As such, BB has been trading -9.82% off suggested target high and 3.1% from its likely low.

BB Dividends

BlackBerry Ltd has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is PRIMECAP MANAGEMENT CO/CA/ with 33.33 million shares, or about 5.6509% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $82.66 million.

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