BlackBerry Ltd (NYSE: BB) is -34.75% lower on its value in year-to-date trading and has touched a low of $2.01 and a high of $4.44 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 $2.35 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.31, the stock is -1.91% and -4.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.36 million and changing -1.70% at the moment leaves the stock -10.50% off its SMA200. BB registered -37.06% loss for a year compared to 6-month loss of -22.48%. The firm has a 50-day simple moving average (SMA 50) of $2.4186 and a 200-day simple moving average (SMA200) of $2.58105.
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The stock witnessed a -11.15% gain in the last 1 month and extending the period to 3 months gives it a -2.53%, and is -5.33% 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 3.08% over the week and 3.84% over the month.
BlackBerry Ltd (BB) has around 2647 employees, a market worth around $1.90B and $637.00M in sales. Fwd P/E is 538.46. Profit margin for the company is -21.66%. Distance from 52-week low is 14.93% and -47.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.30%).
The EPS is expected to shrink by -165.71% this year
295.0 institutions hold shares in BlackBerry Ltd (BB), with institutional investors hold 47.13% of the company’s shares. The shares outstanding are 589.23M, and float is at 580.71M with Short Float at 4.53%. Institutions hold 46.33% 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 Kurtz Philip S., the company’s CLO & Corp. Secretary. SEC filings show that Kurtz Philip S. sold 15,005 shares of the company’s common stock on Sep 28 ’24 at a price of $2.53 per share for a total of $37963.0. Following the sale, the insider now owns 30129.0 shares.
BlackBerry Ltd disclosed in a document filed with the SEC on Jun 28 ’24 that ERIKSSON MATTIAS (President of IoT) sold a total of 52,549 shares of the company’s common stock. The trade occurred on Jun 28 ’24 and was made at $2.45 per share for $0.13 million. Following the transaction, the insider now directly holds 0.21 million shares of the BB stock.
Still, SEC filings show that on Feb 14 ’24, BRACE PHILIP G (Director) acquired 35,000 shares at an average price of $2.79 for $97650.0. The insider now directly holds 35,000 shares of BlackBerry Ltd (BB).
