BlackBerry Ltd (NYSE:BB) saw a downside of -2.20% to close Tuesday at $4.88 after subtracting -$0.11 on the day. The 5-day average trading volume is 5,130,660 shares of the company’s common stock. It has gained $5.23 in the past week and touched a new high 1 time within the past 5 days. An average of 7,995,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,107,488.
BB’s 1-month performance is -6.69% or -$0.35 on its low of $4.49 reached on 09/08/23. The company’s shares have touched a 52-week low of $3.17 and high of $5.75, with the stock’s rally to the 52-week high happening on 09/01/23. YTD, BB has achieved 49.69% or $1.62 and has reached a new high 19 times. However, the current price is down -15.13% from the 52-week high price.
Insider Transactions
BB stock investors last saw insider trading activity on Jun 28.ERIKSSON MATTIAS (President of IoT) most recently sold 11,126 shares at $5.56 per share on Jun 28. This transaction cost the insider $61,861. Chief Gv Aff & Pub Pol Officer, Dickman Marjorie, sold 28,237 shares at a price of $4.63 on Apr 03. Then, on Jan 03, President of Cyber Security GIAMATTEO JOHN JOSEPH sold 30,239 shares at a price of $3.42 per share. This transaction amounted to $103,417.
Valuation Metrics
BB stock has a beta of 1.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.31 while the price-to-book (PB) in the most recent quarter is 3.31.
BlackBerry Ltd’s quick ratio for the period ended May 31 was 0.95, with the current ratio over the same period at 0.95. As well, the company’s long term debt to equity for the quarter ending May 31 was 0.06, while the total debt to equity was 0.51.. In terms of profitability, the gross margin trailing 12 months is 47.62%. The trailing 12-month EBITDA margin is -18.14% while for the period ending May 31, BlackBerry Ltd’s operating margin was -18.00%. The firm’s gross profit as reported stood at $419.0 million against revenue of $656.0 million.
Earnings Surprise
For the quarterly period ending May 31 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1545.45% to -$11.0 million, while revenue of -$495.0 million was -4400.0% off the previous quarter. Analysts expected BB to announce -$0.05 per share in earnings in its latest quarter, but it posted $0.06, representing a 220.00% surprise. EBITDA for the quarter stood at more than $5.0 million. BB stock balance sheet for the quarter ending May 31 shows that total liabilities totaled 815.0 million, with total debt at $441.0 million. Shareholders hold equity totaling $583.24 million.
Let’s look briefly at BlackBerry Ltd (BB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 38.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.69%.
The stock’s 5-day moving average is $5.05, reflecting a -4.87% or -$0.25 change from its current price. BB is currently trading -8.61% above its 20-day SMA, +11.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.04% and SMA200 by+11.67%.
Stochastic %K and %D was 44.82% and 49.14% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 44.32%, while the 14-day stochastic is at 33.61% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.14 and -0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for BlackBerry Ltd (NYSE: BB), CIBC upgraded it to a Neutral rating. They previously had a Sector underperform rating on the stock. Analysts offering their rating for BB stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BB as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is BB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $12.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for BlackBerry Ltd (BB) stock is $6.39.
