A share price of BlackBerry Ltd [BB] is currently trading at $2.80, up 3.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BB shares have gain 6.06% over the last week, with a monthly amount glided 0.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BlackBerry Ltd [NYSE: BB] stock has seen the most recent analyst activity on December 21, 2023, when RBC Capital Mkts reiterated its Sector Perform rating and also revised its price target to $4 from $4.50. Previously, CIBC upgraded its rating to Neutral on May 18, 2023, and elevated its price target to $6.50. On March 31, 2023, upgrade upgraded it’s rating to Hold but maintained its price target of $4 on the stock. Robert W. Baird started tracking the stock assigning a Neutral rating and suggested a price target of $7 on August 12, 2022. RBC Capital Mkts upgraded its rating to a Sector Perform but $7 remained the price target by the analyst firm on March 21, 2022. Canaccord Genuity upgraded its rating to Hold for this stock on August 18, 2021, but kept the price target unchanged to $10. In a note dated June 25, 2021, TD Securities downgraded an Reduce rating on this stock.
BlackBerry Ltd experienced fluctuations in its stock price throughout the past year between $2.46 and $5.75. Currently, Wall Street analysts expect the stock to reach $4.5 within the next 12 months. BlackBerry Ltd [NYSE: BB] shares were valued at $2.80 at the most recent close of the market. An investor can expect a potential return of 60.71% based on the average BB price forecast.
Analyzing the BB fundamentals
Trailing Twelve Months sales for BlackBerry Ltd [NYSE:BB] were 831.00M which represents 3.55% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at -0.66%, and Net Profit Margin reading is -0.68%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -0.68 and Total Capital is 0.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.70 points at the first support level, and at 2.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.88, and for the 2nd resistance point, it is at 2.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for BlackBerry Ltd [NYSE:BB] is 0.89. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 1.99.
Transactions by insiders
Recent insider trading involved BRACE PHILIP G, Director, that happened on Feb 14 ’24 when 35000.0 shares were purchased. Chief Financial Officer, Rai Steve completed a deal on Jan 08 ’24 to sell 20047.0 shares. Meanwhile, CEO & President, Cybersecurity GIAMATTEO JOHN JOSEPH sold 18279.0 shares on Jan 08 ’24.
