BlackBerry Ltd (NYSE: BB) is 5.82% higher on its value in year-to-date trading and has touched a low of $2.01 and a high of $4.35 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 $3.94 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $4.00, the stock is 8.73% and 35.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.67 million and changing 1.52% at the moment leaves the stock 50.21% off its SMA200. BB registered 17.99% gain for a year compared to 6-month gain of 59.36%. The firm has a 50-day simple moving average (SMA 50) of $2.9236 and a 200-day simple moving average (SMA200) of $2.6566.
The stock witnessed a 43.88% loss in the last 1 month and extending the period to 3 months gives it a 60.64%, and is -2.20% 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 5.81% over the week and 7.26% over the month.
BlackBerry Ltd (BB) has around 2647 employees, a market worth around $2.37B and $605.00M in sales. Fwd P/E is 80.00. Profit margin for the company is -21.16%. Distance from 52-week low is 99.00% and -8.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.63%).
with sales reaching $137.34M over the same period.The EPS is expected to shrink by -123.33% this year, but quarterly earnings will post -33.74% year-over-year. Quarterly sales are estimated to shrink -20.61% 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 581.16M with Short Float at 4.52%. 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 ERIKSSON MATTIAS, the company’s President of IoT. SEC filings show that ERIKSSON MATTIAS sold 12,680 shares of the company’s common stock on Jan 06 ’25 at a price of $4.00 per share for a total of $50720.0. Following the sale, the insider now owns 0.28 million shares.
BlackBerry Ltd disclosed in a document filed with the SEC on Jan 06 ’25 that GIAMATTEO JOHN JOSEPH (CEO & President, Cybersecurity) sold a total of 29,402 shares of the company’s common stock. The trade occurred on Jan 06 ’25 and was made at $4.00 per share for $0.12 million. Following the transaction, the insider now directly holds 0.49 million shares of the BB stock.
Still, SEC filings show that on Jan 06 ’25, Dickman Marjorie (Chief Gv Aff & Pub Pol Officer) disposed off 5,737 shares at an average price of $4.00 for $22948.0. The insider now directly holds 111,302 shares of BlackBerry Ltd (BB).
