BlackBerry Ltd (NYSE: BB) is 14.55% 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 $4.09 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $4.33, the stock is 7.60% and 31.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.68 million and changing 5.87% at the moment leaves the stock 59.20% off its SMA200. BB registered 45.30% gain for a year compared to 6-month gain of 74.60%. The firm has a 50-day simple moving average (SMA 50) of $3.285 and a 200-day simple moving average (SMA200) of $2.7199.
The stock witnessed a 9.34% loss in the last 1 month and extending the period to 3 months gives it a 78.93%, and is 6.39% 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 4.87% over the week and 5.54% over the month.
BlackBerry Ltd (BB) has around 2647 employees, a market worth around $2.56B and $605.00M in sales. Fwd P/E is 79.76. Profit margin for the company is -21.16%. Distance from 52-week low is 115.42% and -0.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.63%).
with sales reaching $137.25M over the same period.The EPS is expected to shrink by -83.33% this year, but quarterly earnings will post -33.75% year-over-year. Quarterly sales are estimated to shrink -20.67% 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 581.17M 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 Chai Jay P., the company’s SVP & Chief Accounting Officer. SEC filings show that Chai Jay P. sold 24,425 shares of the company’s common stock on Jan 24 ’25 at a price of $4.19 per share for a total of $0.1 million. Following the sale, the insider now owns 0.0 shares.
BlackBerry Ltd disclosed in a document filed with the SEC on Jan 06 ’25 that ERIKSSON MATTIAS (President of IoT) sold a total of 12,680 shares of the company’s common stock. The trade occurred on Jan 06 ’25 and was made at $4.00 per share for $50720.0. Following the transaction, the insider now directly holds 0.28 million shares of the BB stock.
Still, SEC filings show that on Jan 06 ’25, GIAMATTEO JOHN JOSEPH (CEO & President, Cybersecurity) disposed off 29,402 shares at an average price of $4.00 for $0.12 million. The insider now directly holds 490,761 shares of BlackBerry Ltd (BB).
