BlackBerry Ltd (NYSE: BB) is -1.32% lower on its value in year-to-date trading and has touched a low of $2.01 and a high of $6.24 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 $3.77 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $3.73, the stock is -13.02% and -19.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.13 million and changing -1.06% at the moment leaves the stock 19.34% off its SMA200. BB registered 35.14% gain for a year compared to 6-month gain of 48.02%. The firm has a 50-day simple moving average (SMA 50) of $4.6574 and a 200-day simple moving average (SMA200) of $3.1254.
The stock witnessed a -15.03% loss in the last 1 month and extending the period to 3 months gives it a -4.60%, and is -14.06% 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 4.70% over the week and 4.90% over the month.
BlackBerry Ltd (BB) has around 2647 employees, a market worth around $2.21B and $605.00M in sales. Fwd P/E is 70.56. Profit margin for the company is -21.16%. Distance from 52-week low is 85.57% and -40.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.63%).
The EPS is expected to shrink by -76.67% this year.
BlackBerry Ltd (BB) Top Institutional Holders
324.0 institutions hold shares in BlackBerry Ltd (BB), with institutional investors hold 49.25% of the company’s shares. The shares outstanding are 591.58M, and float is at 581.20M with Short Float at 5.95%. Institutions hold 48.42% 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).
