BlackBerry Ltd (NYSE: BB) is -22.88% lower on its value in year-to-date trading and has touched a low of $2.46 and a high of $5.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BB stock was last observed hovering at around $2.76 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.73, the stock is -2.66% and -2.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.36 million and changing -1.09% at the moment leaves the stock -28.83% off its SMA200. BB registered -39.47% loss for a year compared to 6-month loss of -21.33%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -4.21% gain in the last 1 month and extending the period to 3 months gives it a -19.71%, and is -11.94% 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 6.84% over the week and 5.97% over the month.
BlackBerry Ltd (BB) has around 2647 employees, a market worth around $1.61B and $853.00M in sales. Profit margin for the company is -15.24%. Distance from 52-week low is 10.98% and -52.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.90%).
The EPS is expected to shrink by -240.00% this year.
BlackBerry Ltd (BB) Top Institutional Holders
The shares outstanding are 589.23M, and float is at 578.93M with Short Float at 8.27%.
BlackBerry Ltd (BB) Insider Activity
The most recent transaction is an insider purchase by BRACE PHILIP G,the company’sDirector. SEC filings show that BRACE PHILIP G bought 35,000 shares of the company’s common stock on Feb 14 ’24 at a price of $2.79 per share for a total of $97650.0. Following the purchase, the insider now owns 35000.0 shares.
BlackBerry Ltd disclosed in a document filed with the SEC on Jan 08 ’24 that Rai Steve (Chief Financial Officer) sold a total of 20,047 shares of the company’s common stock. The trade occurred on Jan 08 ’24 and was made at $3.25 per share for $65153.0. Following the transaction, the insider now directly holds 84599.0 shares of the BB stock.
Still, SEC filings show that on Jan 08 ’24, GIAMATTEO JOHN JOSEPH (CEO & President, Cybersecurity) disposed off 18,279 shares at an average price of $3.23 for $59041.0. The insider now directly holds 206,090 shares of BlackBerry Ltd (BB).
