About 26,672 Worth Of BlackBerry Limited (BB) Shares Belongs To Its President of IoT

As of Thursday close, BlackBerry Limited’s (NYSE:BB) stock was up $0.08, moving up 1.22 percent to $6.65. The average number of shares traded per day over the past five days has been 5,525,780 shares. 5 times new highs have been achieved over the past 5 days, with a $0.53 gain in that time frame. In the last twenty days, the average volume was 5,490,090, while in the previous 50 days, it was 8,214,284.

Since last month, BB stock rose 13.87%. Shares of the company fell to $5.26 on 07/05/22, the lowest level in the past month. A 52-week high of $12.39 was reached on 01/04/22 after having rallying from a 52-week low of $4.70. Since the beginning of this year, BB’s stock price has dropped by -28.88% or -$2.70, and marked a new high 2 times. However, the stock has declined by -46.33% since its 52-week high.

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BlackBerry Limited (BB) last reported insider trading activity 38 days ago on Jun 28. ERIKSSON MATTIAS, the President of IoT of the company, disposed of 12,391 shares for $5.55 on Jun 28. It resulted in a $68,770 divestment by the insider. Dickman Marjorie sold 68,519 shares at an average price of $5.70 on May 13. The insider now owns 0 shares following the transaction. On Apr 02, Chief Gv Aff & Pub Pol Officer Dickman Marjorie sold 16,194 shares at $6.90 apiece. The transaction was valued at $111,739.

Valuation Metrics

The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 5.21, the price-to-book (PB) ratio of 2.77.

Financial Health

In the three months ended August 30, BlackBerry Limited’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending August 30 was 0.33. On the profitability front, the trailing twelve-month gross margin is 64.20% percent. In the year ended August 30, operating margins totaled -17.00%. Based on annual data, BB earned $467.0 million in gross profit and brought in $718.0 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.40%. Return on equity (ROE) for the past 12 months was -7.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BB’s revenue fell -3.57% to $185.0 million during the quarter, while net income inched up to $168.0 million. While analysts expected BlackBerry Limited to report -$0.07 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$148.0 million in EBITDA. The liabilities of BlackBerry Limited were 1.07 billion at the end of its most recent quarter ended August 30, and its total debt was $546.0 million. The value of shareholders’ equity is $577.17 million.

Technical Picture

This quick technical analysis looks at BlackBerry Limited’s (BB) price momentum. With a historical volatility rate of 35.42%, the RSI 9-day stood at 73.70% on 04 August.

With respect to its five-day moving average, the current BlackBerry Limited price is up by +8.66% percent or $0.53. At present, BB shares trade +9.74% above its 20-day simple moving average and +6.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.76% above its SMA50 and -34.16% below its SMA200.

Stochastic coefficient K was 95.19% and Stochastic coefficient D was 89.62%, while ATR was 0.25. Given the Stochastic reading of 98.09% for the 14-day period, the RSI (14) reading has been calculated as 66.57%. As of today, the MACD Oscillator reading stands at 0.35, while the 14-day reading stands at 0.40.

Analyst Ratings

RBC Capital Mkts upgraded its rating on BlackBerry Limited (NYSE: BB) to a Sector perform in a note to investors on March 21, 2022. The analysts firm previously had an Underperform rating on the stock.BlackBerry Limited (BB) has been rated Hold by analysts. According to 2 brokerage firms, BB is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate BlackBerry Limited stock as buy, with 1 recommending it as overweight.

With a median target price of $6.50, the current consensus forecast for the stock is $5.00 – $20.00. Based on these forecasts, analysts predict BlackBerry Limited (BB) will achieve an average price target of $8.21.


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