The Insider Activity Of BlackBerry Limited (BB) Is Worth Monitoring

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BlackBerry Limited (NYSE:BB) finished Thursday with an addition of $0.08 to close at $3.26, an upside of 2.52 percent. An average of 9,264,900 shares of common stock have been traded in the last five days. There was a fall of -$0.49 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 7,813,590 shares traded, while the 50-day average volume stands at 6,551,228.

BB stock has decreased by -32.64% in the last month. The company shares reached their 1-month lowest point of $3.17 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $3.17 and a high of $9.67 in 52 weeks. It has reached a new high 2 times so far this year and lost -65.13% or -$6.09 in price. In spite of this, the price is down -66.29% from the 52-week high.


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Insider Transactions

BB stock investors should be aware that BlackBerry Limited (BB) stock had its last reported insider trading activity 9 days ago on Dec 21. In this transaction, the insider spent $3,500. Chief Financial Officer, Rai Steve, disposed of 6,651 shares at a price of $3.49 on Dec 21. The insider now owns more than $23,212 worth of shares. Prior to that, Chief Human Resources Officer WHITE-IVY NITA C went on to Sale 4,422 shares at $3.48 each on Dec 21. An amount of $15,389 was transacted.

Valuation Metrics

BlackBerry Limited (BB) stock’s beta is 1.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.77, the price-to-book (PB) ratio at 1.41.

Financial Health

The quick ratio of BlackBerry Limited for the three months ended August 30 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.29 for the quarter ending August 30. Its gross profit as reported stood at $467.0 million compared to revenue of $718.0 million.

Earnings Surprise

For the three-month period that ended August 30, BlackBerry Limited had $194.0 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.0 million in the quarter, while revenues were grew 1950.0%. 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 $26.0 million.

Technical Picture

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 29 December was 17.55%, suggesting the stock is oversold, with historical volatility in this time frame at 57.91%.

As of today, BB’s price is $3.31 -13.07% or -$0.49 from its 5-day moving average. BB is currently trading -33.06% lower than its 20-day SMA and -52.75% lower than its 100-day SMA. However, the stock’s current price level is -25.57% below the SMA50 and -46.47% below the SMA200.

The stochastic %K and %D were 2.62% and 3.00%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 5.83% and the average true range at 0.21, the RSI (14) stands at 22.64%. The stock has reached -0.40 on the 9-day MACD Oscillator while the 14-day reading was at -0.66.

Analyst Ratings

Robert W. Baird launched coverage on BlackBerry Limited (NYSE: BB) in its analyst report released on August 12, 2022. The firm assigned the stock a Neutral rating.

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