BlackBerry Ltd (NYSE:BB) has a beta value of 1.45 and has seen 14.86 million shares traded in the last trading session. The company, currently valued at $2.58B, closed the last trade at $4.32 per share which meant it gained $0.09 on the day or 2.13%% during that session. The BB stock price is -44.44% off its 52-week high price of $6.24 and 53.47% 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 13.83 million shares traded. The 3-month trading volume is 14.06 million shares.
The consensus among analysts is that BlackBerry Ltd (BB) is Buy stock at the moment, with a recommendation rating of 2.89. 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 2.13%% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BB stock price touched $4.32 or saw a rise of 2.26%. Year-to-date, BlackBerry Ltd shares have moved 88.65%, while the 5-day performance has seen it change 5.88%. Over the past 30 days, the shares of BlackBerry Ltd (NYSE:BB) have changed 13.09%. Short interest in the company has seen 34.25 million shares shorted with days to cover at 2.56.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -8.0% from current levels. 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 current price level is 1.62% off the targeted high while a plunge would see the stock lose 13.19% from current levels.
BlackBerry Ltd (BB) estimates and forecasts
The company’s shares have gained 35.00% 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-02 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 1.74% of the company shares, while shares held by institutions stand at 47.63% with a share float percentage of 48.48%. 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.
