A Closer Look At BlackBerry Limited (BB)’s Financials


As of Wednesday close, BlackBerry Limited’s (NYSE:BB) stock was up $0.16, moving up 3.44 percent to $4.81. The average number of shares traded per day over the past five days has been 3,673,200 shares. 3 times new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 6,111,375, while in the previous 50 days, it was 6,459,380.

Since last month, BB stock rose 5.25%. Shares of the company fell to $4.19 on 11/04/22, the lowest level in the past month. A 52-week high of $10.33 was reached on 01/04/22 after having rallying from a 52-week low of $3.94. Since the beginning of this year, BB’s stock price has dropped by -48.56% or -$4.54, and marked a new high 2 times. However, the stock has declined by -53.44% since its 52-week high.

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BB stock investors should be aware that BlackBerry Limited (BB) stock had its last reported insider trading activity 22 days ago on Nov 03. CHEN JOHN S, the Executive Chairman & CEO of the company, disposed of 554,606 shares for $4.28 on Nov 03. It resulted in a $2,373,714 divestment by the insider. WHITE-IVY NITA C sold 7,805 shares at an average price of $5.13 on Sep 26. The insider now owns 242,105 shares following the transaction. On Sep 26, Chief Marketing Officer Wilson Mark George sold 7,025 shares at $5.13 apiece. The transaction was valued at $36,038.

Valuation Metrics

The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 3.91, the price-to-book (PB) ratio of 2.09.

Financial Health

In the three months ended August 30, BlackBerry Limited’s quick ratio stood at 1.80, while its current ratio was 1.80, 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 0.34, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 64.00% percent. In the year ended August 30, operating margins totaled -3.80%. 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 -1.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BB’s revenue fell -4.17% to $168.0 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 -$21.0 million in EBITDA. The liabilities of BlackBerry Limited were 1.05 billion at the end of its most recent quarter ended August 30, and its total debt was $528.0 million. The value of shareholders’ equity is $577.42 million.

Technical Picture

This quick technical analysis looks at BlackBerry Limited’s (BB) price momentum. With a historical volatility rate of 36.93%, the RSI 9-day stood at 56.10% on 23 November.

With respect to its five-day moving average, the current BlackBerry Limited price is up by +0.42% percent or $0.02. At present, BB shares trade +6.18% above its 20-day simple moving average and -14.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.30% below its SMA50 and -34.02% below its SMA200.

Stochastic coefficient K was 51.93% and Stochastic coefficient D was 51.70%, while ATR was 0.22. Given the Stochastic reading of 65.26% for the 14-day period, the RSI (14) reading has been calculated as 53.31%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.06.

Analyst Ratings

Robert W. Baird launched its rating on BlackBerry Limited (NYSE: BB) to a Neutral in a note to investors on August 12, 2022. BlackBerry Limited (BB) has been rated Hold by analysts. According to 2 brokerage firms, BB is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BlackBerry Limited stock as buy, with 1 recommending it as overweight.

With a median target price of $5.60, the current consensus forecast for the stock is $4.50 – $20.00. Based on these forecasts, analysts predict BlackBerry Limited (BB) will achieve an average price target of $7.43.


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