As of Friday close, BlackBerry Limited’s (NYSE:BB) stock was up $0.04, moving up 0.78 percent to $5.16. The average number of shares traded per day over the past five days has been 4,303,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 9,443,215, while in the previous 50 days, it was 6,043,944.
Since last month, BB stock rose 12.17%. Shares of the company fell to $4.43 on 08/24/23, the lowest level in the past month. A 52-week high of $5.75 was reached on 09/01/23 after having rallying from a 52-week low of $3.17. Since the beginning of this year, BB’s stock price has risen by 58.28% or $1.90, and marked a new high 19 times. However, the stock has declined by -10.26% 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 87 days ago on Jun 28. ERIKSSON MATTIAS, the President of IoT of the company, disposed of 11,126 shares for $5.56 on Jun 28. It resulted in a $61,861 divestment by the insider. Dickman Marjorie sold 28,237 shares at an average price of $4.63 on Apr 03. The insider now owns 35,372 shares following the transaction. On Jan 03, President of Cyber Security GIAMATTEO JOHN JOSEPH sold 30,239 shares at $3.42 apiece. The transaction was valued at $103,417.
Valuation Metrics
The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 3.49, the price-to-book (PB) ratio of 3.51.
Financial Health
In the three months ended May 30, BlackBerry Limited’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 57.40% percent. In the year ended May 30, EBITDA margin amounted to -18.14%, whereas operating margins totaled -64.90%. Based on annual data, BB earned $419.0 million in gross profit and brought in $656.0 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 -60.40%. Return on equity (ROE) for the past 12 months was -51.40%.
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 rose 54.96% to $151.0 million during the quarter, while net income inched up to $373.0 million. While analysts expected BlackBerry Limited to report -$0.05 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated $5.0 million in EBITDA. The liabilities of BlackBerry Limited were 815.0 million at the end of its most recent quarter ended May 30, and its total debt was $441.0 million. The value of shareholders’ equity is $583.24 million.
Technical Picture
This quick technical analysis looks at BlackBerry Limited’s (BB) price momentum. With a historical volatility rate of 31.55%, the RSI 9-day stood at 49.80% on 22 September.
With respect to its five-day moving average, the current BlackBerry Limited price is down by -4.27% percent or -$0.23. At present, BB shares trade +16.48% above its 20-day simple moving average and +32.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.18% above its SMA50 and +6.61% above its SMA200.
Stochastic coefficient K was 52.32% and Stochastic coefficient D was 51.65%, while ATR was 0.24. Given the Stochastic reading of 57.75% for the 14-day period, the RSI (14) reading has been calculated as 51.54%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.08.
Analyst Ratings
CIBC upgraded its rating on BlackBerry Limited (NYSE: BB) to a Neutral in a note to investors on May 18, 2023. The analysts firm previously had a Sector underperform rating on the stock.BlackBerry Limited (BB) has been rated Hold by analysts. According to 0 brokerage firms, BB is a sell, and 8 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 2 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $4.50 – $12.00. Based on these forecasts, analysts predict BlackBerry Limited (BB) will achieve an average price target of $6.39.
