BlackBerry Ltd (NYSE: BB) is -31.64% lower on its value in year-to-date trading and has touched a low of $2.01 and a high of $5.39 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 $2.40 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $2.42, the stock is 2.30% and 2.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 0.83% at the moment leaves the stock -14.78% off its SMA200. BB registered -55.10% loss for a year compared to 6-month loss of -8.68%.
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The stock witnessed a 2.98% gain in the last 1 month and extending the period to 3 months gives it a 5.22%, and is 1.68% 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 3.50% over the week and 3.56% 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 20.40% and -55.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.62%).
with sales reaching $192.13M over the same period.The EPS is expected to shrink by -231.31% this year, but quarterly earnings will post -29.70% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.
BlackBerry Ltd (BB) Top Institutional Holders
312.0 institutions hold shares in BlackBerry Ltd (BB), with institutional investors hold 49.32% of the company’s shares. The shares outstanding are 589.23M, and float is at 579.80M with Short Float at 5.04%. Institutions hold 48.48% of the Float.
The top institutional shareholder in the company is FAIRFAX FINANCIAL HOLDINGS LTD/ CAN with over 46.72 million shares valued at $116.34 million. The investor’s holdings represent 7.9218% of the BB Shares outstanding. As of 2024-06-30, the second largest holder is PRIMECAP MANAGEMENT CO/CA/ with 33.33 million shares valued at $82.66 million to account for 5.6509 of the shares outstanding. The other top investors are LEGAL & GENERAL GROUP PLC which holds 28.66 million shares representing 4.8586% and valued at over $71.62 million, while FIFTHDELTA LTD holds 4.4837 of the shares totaling 26.45 million with a market value of $65.58 million.
BlackBerry Ltd (BB) Insider Activity
The most recent transaction is an insider sale by ERIKSSON MATTIAS, the company’s President 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).
