BlackBerry Limited (NYSE:BB) finished Thursday with an addition of $0.1 to close at $4.68, an upside of 2.18 percent. An average of 2,672,220 shares of common stock have been traded in the last five days. There was a fall of -$0.09 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 4,307,030 shares traded, while the 50-day average volume stands at 5,149,014.
BB stock has decreased by -5.26% in the last month. The company shares reached their 1-month lowest point of $4.55 on 08/09/23. With the stock rallying to its 52-week high on 06/30/23, shares of the company touched a low of $3.17 and a high of $7.20 in 52 weeks. It has reached a new high 18 times so far this year and achieved 43.56% or $1.42 in price. In spite of this, the price is down -35.00% 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 44 days ago on Jun 28. In this transaction, the insider spent $61,861. Chief Gv Aff & Pub Pol Officer, Dickman Marjorie, disposed of 28,237 shares at a price of $4.63 on Apr 03. The insider now owns more than $130,737 worth of shares. Prior to that, President of Cyber Security GIAMATTEO JOHN JOSEPH went on to Sale 30,239 shares at $3.42 each on Jan 03. An amount of $103,417 was transacted.
Valuation Metrics
BlackBerry Limited (BB) stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.17, the price-to-book (PB) ratio at 3.18.
Financial Health
The quick ratio of BlackBerry Limited for the three months ended May 30 was 0.90, and the current ratio was 0.90, indicating that the company is not 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 0.45 for the quarter ending May 30. BlackBerry Limited’s EBITDA margin for the year ending May 30 is -18.14%, while its operating margin for the same period stands at -64.90%. Its gross profit as reported stood at $419.0 million compared to revenue of $656.0 million.
Earnings Surprise
For the three-month period that ended May 30, BlackBerry Limited had $158.0 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$11.0 million in the quarter, while revenues were shrunk -1545.45%. The analyst consensus anticipated BlackBerry Limited’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be $0.06, a 220.00% surprise. For the quarter, EBITDA amounted to $5.0 million. At the end of the quarter ending May 30, BlackBerry Limited’s stock balance sheet showed total liabilities of 815.0 million. Shareholders own equity worth $583.24 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 10 August was 44.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.65%.
As of today, BB’s price is $4.68 -1.89% or -$0.09 from its 5-day moving average. BB is currently trading -7.33% lower than its 20-day SMA and +25.81% higher than its 100-day SMA. However, the stock’s current price level is -9.83% below the SMA50 and +6.36% above the SMA200.
The stochastic %K and %D were 11.32% and 13.70%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 22.81% and the average true range at 0.17, the RSI (14) stands at 44.70%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
CIBC upgraded BlackBerry Limited (NYSE: BB) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sector underperform. The consensus rating for BlackBerry Limited (BB) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BB, while 8 suggest investors hold. There are 0 analysts 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 $12.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for BlackBerry Limited (BB) stock is $6.48.
