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Will BlackBerry Ltd (BB) benefit from Wall Street bulls Calls?

BlackBerry Ltd (NYSE: BB) is -31.64% lower on its value in year-to-date trading and has touched a low of $2.20 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 $2.43 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $2.42, the stock is -1.10% and -11.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.69 million and changing -0.41% at the moment leaves the stock -24.63% off its SMA200. BB registered -49.16% loss for a year compared to 6-month loss of -25.77%.

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The stock witnessed a -13.88% gain in the last 1 month and extending the period to 3 months gives it a -15.97%, and is 0.00% 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 4.10% over the week and 5.41% over the month.

BlackBerry Ltd (BB) has around 2647 employees, a market worth around $1.43B and $624.00M in sales. Profit margin for the company is -25.80%. Distance from 52-week low is 10.00% and -57.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.62%).

The EPS is expected to shrink by -231.43% this year.

BlackBerry Ltd (BB) Top Institutional Holders

The shares outstanding are 589.23M, and float is at 579.82M with Short Float at 8.97%.

BlackBerry Ltd (BB) Insider Activity

The most recent transaction is an insider sale by ERIKSSON MATTIAS,the company’sPresident of IoT. SEC filings show that ERIKSSON MATTIAS sold 52,549 shares of the company’s common stock on Jun 28 ’24 at a price of $2.45 per share for a total of $0.13 million. Following the sale, the insider now owns 0.21 million shares.

BlackBerry Ltd disclosed in a document filed with the SEC on Feb 14 ’24 that BRACE PHILIP G (Director) bought a total of 35,000 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $2.79 per share for $97650.0. Following the transaction, the insider now directly holds 35000.0 shares of the BB stock.

Still, SEC filings show that on Jan 08 ’24, Rai Steve (Chief Financial Officer) disposed off 20,047 shares at an average price of $3.25 for $65153.0. The insider now directly holds 84,599 shares of BlackBerry Ltd (BB).

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