BlackBerry Limited (NYSE: BB) is 27.91% higher on its value in year-to-date trading and has touched a low of $3.17 and a high of $9.31 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 $4.12 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $4.17, the stock is 15.05% and -1.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.46 million and changing 1.21% at the moment leaves the stock -21.90% off its SMA200. BB registered -53.30% loss for a year compared to 6-month loss of -32.85%.
The stock witnessed a 1.46% gain in the last 1 month and extending the period to 3 months gives it a -1.18%, and is 9.16% up 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 4.65% over the week and 5.42% over the month.
BlackBerry Limited (BB) has around 3325 employees, a market worth around $2.38B and $690.00M in sales. Profit margin for the company is -13.80%. Distance from 52-week low is 31.55% and -55.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.40%).
BlackBerry Limited (BB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BlackBerry Limited (BB) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 3.20, where 6 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
BlackBerry Limited is expected to release its quarterly report on 03/30/2023.The EPS is expected to grow by 101.10% this year.
BlackBerry Limited (BB) Top Institutional Holders
The shares outstanding are 578.95M, and float is at 570.08M with Short Float at 5.34%.
BlackBerry Limited (BB) Insider Activity
The most recent transaction is an insider sale by Wilson Mark George,the company’sChief Marketing Officer. SEC filings show that Wilson Mark George sold 3,436 shares of the company’s common stock on Jan 03 at a price of $3.42 per share for a total of $11751.0. Following the sale, the insider now owns 85496.0 shares.
BlackBerry Limited disclosed in a document filed with the SEC on Jan 03 that Kurtz Philip S. (CLO & Corp. Secretary) sold a total of 1,240 shares of the company’s common stock. The trade occurred on Jan 03 and was made at $3.32 per share for $4117.0. Following the transaction, the insider now directly holds 5343.0 shares of the BB stock.
Still, SEC filings show that on Jan 03, Rai Steve (Chief Financial Officer) disposed off 8,958 shares at an average price of $3.32 for $29741.0. The insider now directly holds 48,655 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 -27.46% down over the past 12 months and Apple Inc. (AAPL) that is -17.06% lower over the same period. Motorola Solutions Inc. (MSI) is 4.53% up on the 1-year trading charts.