BlackBerry Limited (NYSE:BB) trading with an addition of $0.52 to $10.33 on Thursday, an upside of 5.29 percent. An average of 7,523,265 shares of common stock have been traded in the last five days. There was a gain of $0.72 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 10,233,116 shares traded, while the 50-day average volume stands at 9,432,532.
BB stock has decreased by -2.29% in the last month. The company shares reached their 1-month lowest point of $9.10 on 10/06/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $4.44 and a high of $28.77 in 52 weeks. It has reached a new high 12 times so far this year and achieved 47.96% or $3.69 in price. In spite of this, the price is down -64.10% from the 52-week high.
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8 days have passed since BlackBerry Limited (BB) last reported insider trading activity. Eacobacci Thomas, who is President and COO, BlackBerry, most recently acquired $171,300 shares at $9.35 per share on Oct 06. In this transaction, the insider spent $1,601,655. Chief Human Resources Officer, WHITE-IVY NITA C, disposed of 5,374 shares at a price of $9.40 on Oct 01. The insider now owns more than $50,516 worth of shares. Prior to that, Chief Marketing Officer Wilson Mark George went on to Sale 3,722 shares at $9.40 each on Oct 01. An amount of $34,987 was transacted.
BlackBerry Limited (BB) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.84 for the sector. In the last five years, BlackBerry Limited’s PE ratio has ranged between 56.95 and 10.86. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.33, the price-to-book (PB) ratio at 4.23, and the price-to-cash flow ratio at 103.53.
The quick ratio of BlackBerry Limited for the three months ended August 30 was 2.30, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 0.00 for the quarter ending August 30. On the profitability front, the trailing 12-month gross margin is 67.80% against a 5-year average of 68.3%. BlackBerry Limited’s EBITDA margin for the year ending August 30 is 5.49%, while its operating margin for the same period stands at -82.20%. Its gross profit as reported stood at $643.0 million compared to revenue of $893.0 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BlackBerry Limited’s return on assets was -23.60%, compared to -10.1% over the last five years. In the past year, the return on investment has been -49.40%, and the 5-year average is -12.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been -42.80% and the 5-year average holds at -17.0%. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended August 30, BlackBerry Limited had $416.0 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$144.0 million in the quarter, while revenues of -$62.0 million were grew 84.03%. The analyst consensus anticipated BlackBerry Limited’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.06, a 14.30% surprise. For the quarter, EBITDA amounted to -$93.0 million. Shareholders own equity worth $567.01 million.
From a technical analysis perspective, let’s take a brief look at BlackBerry Limited (BB) price momentum. RSI 9-day as of the close on 13 October was 63.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.71%.
As of today, BB’s price is $9.63 +7.50% or $0.72 from its 5-day moving average. BB is currently trading +1.57% higher than its 20-day SMA and +19.72% higher than its 100-day SMA. However, the stock’s current price level is +4.56% above the SMA50 and +52.44% above the SMA200.
The stochastic %K and %D were 50.55% and 28.81%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 89.70% and the average true range at 0.48, the RSI (14) stands at 56.45%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at 0.17.
Canaccord Genuity upgraded BlackBerry Limited (NYSE: BB) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a a Sell.The consensus rating for BlackBerry Limited (BB) among analysts is Underweight. According to current brokerage recommendations, 5 brokerage firms advise that investors sell BB, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is BB’s price target for the next 12 months?
Analysts predict a range of price targets between $4.50 and $20.00, with a median target of $9.25. Taking a look at these predictions, the average price target given by analysts for BlackBerry Limited (BB) stock is $9.75.