BlackBerry Ltd (NYSE: BB) is 4.24% higher on its value in year-to-date trading and has touched a low of $2.01 and a high of $4.27 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 $2.98 in the last trading session, with the day’s gains setting it 0.71%.
Currently trading at $3.69, the stock is 33.02% and 44.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 40.67 million and changing 23.83% at the moment leaves the stock 42.79% off its SMA200. BB registered -10.00% loss for a year compared to 6-month gain of 63.27%. The firm has a 50-day simple moving average (SMA 50) of $2.5552 and a 200-day simple moving average (SMA200) of $2.58415.
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The stock witnessed a 59.74% loss in the last 1 month and extending the period to 3 months gives it a 51.23%, and is 37.17% 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 12.36% over the week and 6.74% over the month.
BlackBerry Ltd (BB) has around 2647 employees, a market worth around $2.18B and $605.00M in sales. Fwd P/E is 73.80. Profit margin for the company is -21.16%. Distance from 52-week low is 83.58% and -13.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.63%).
with sales reaching $137.26M over the same period.The EPS is expected to shrink by -140.00% this year, but quarterly earnings will post -34.57% year-over-year. Quarterly sales are estimated to shrink -20.66% in year-over-year returns.
BlackBerry Ltd (BB) Top Institutional Holders
300.0 institutions hold shares in BlackBerry Ltd (BB), with institutional investors hold 47.13% of the company’s shares. The shares outstanding are 591.58M, 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).
