BlackBerry Limited (NYSE: BB) is 64.40% higher on its value in year-to-date trading and has touched a low of $2.70 and a high of $28.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BB stock was last observed hovering at around $10.94 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $8.50 for the next 12 months. It is also 45.5% off the consensus price target high of $20.00 offered by 9 analysts, but current levels are -142.22% lower than the price target low of $4.50 for the same period.
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Currently trading at $10.90, the stock is -22.56% and 4.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.13 million and changing -0.37% at the moment leaves the stock 72.13% off its SMA200. BB registered 76.95% gain for a year compared to 6-month gain of 128.03%. The firm has a 50-day simple moving average (SMA 50) of $11.94 and a 200-day simple moving average (SMA200) of $7.08.
The stock witnessed a -14.78% loss in the last 1 month and extending the period to 3 months gives it a 106.05%, and is -12.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.30% over the week and 17.19% over the month.
BlackBerry Limited (BB) has around 3647 employees, a market worth around $6.16B and $965.00M in sales. Fwd P/E is 72.19. Profit margin for the company is -86.00%. Distance from 52-week low is 303.70% and -62.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.90%).
BlackBerry Limited (BB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BlackBerry Limited (BB) is a “Underweight”. 9 analysts offering their recommendations for the stock have an average rating of 3.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
BlackBerry Limited is expected to release its quarterly report on 03/26/2021 and quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $246.36M over the same period.The EPS is expected to shrink by -281.90% this year, but quarterly earnings will post -14.20% year-over-year. Quarterly sales are estimated to shrink -15.30% in year-over-year returns.
BlackBerry Limited (BB) Top Institutional Holders
385 institutions hold shares in BlackBerry Limited (BB), with 7.45M shares held by insiders accounting for 1.33% while institutional investors hold 51.07% of the company’s shares. The shares outstanding are 562.44M, and float is at 555.30M with Short Float at 3.67%. Institutions hold 50.39% of the Float.
The top institutional shareholder in the company is Primecap Management Company with over 59.35 million shares valued at $393.52 million. The investor’s holdings represent 10.54% of the BB Shares outstanding. As of Sep 29, 2020, the second largest holder is Fairfax Financial Holdings Ltd/ Can with 46.72 million shares valued at $214.47 million to account for 8.30% of the shares outstanding. The other top investors are Ontario Teachers’ Pension Plan Board which holds 19.82 million shares representing 3.52% and valued at over $90.97 million, while Vanguard Group, Inc. (The) holds 2.61% of the shares totaling 14.71 million with a market value of $67.53 million.
BlackBerry Limited (BB) Insider Activity
A total of 33 insider transactions have happened at BlackBerry Limited (BB) in the last six months, with sales accounting for 17 and purchases happening 16 times. The most recent transaction is an insider sale by HO BILLY, the company’s EVP, Ent. Products & VAS. SEC filings show that HO BILLY sold 20,000 shares of the company’s common stock on Jan 20 at a price of $12.95 per share for a total of $0.26 million. Following the sale, the insider now owns 0.22 million shares.
BlackBerry Limited disclosed in a document filed with the SEC on Jan 20 that Rai Steve (Chief Financial Officer) sold a total of 32,954 shares of the company’s common stock. The trade occurred on Jan 20 and was made at $13.01 per share for $0.43 million. Following the transaction, the insider now directly holds 0.0 shares of the BB stock.
Still, SEC filings show that on Jan 20, Wilson Mark George (Chief Marketing Officer) disposed off 78,500 shares at an average price of $12.63 for $0.99 million. The insider now directly holds 53,878 shares of BlackBerry Limited (BB).
BlackBerry Limited (BB): Who are the competitors?
The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading 37.69% up over the past 12 months. Motorola Solutions Inc. (MSI) is -1.54% down on the 1-year trading charts. Short interest in the company’s stock has fallen -93.83% from the last report on Dec 30, 2020 to stand at a total of 39.56 million short shares sold with a short interest ratio of 0.22.