BlackBerry Ltd [BB] stock is trading at $2.42, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The BB shares have lost -1.22% over the last week, with a monthly amount drifted -9.70%, and not 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 June 27, 2024, when CIBC upgraded its rating to a Sector Outperform. Previously, RBC Capital Mkts reaffirmed its Sector Perform rating on December 21, 2023, and dropped its price target to $4. On May 18, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $6.50 on the stock. TD Securities upgraded its rating to a Hold but stick to its price target of $4 on March 31, 2023. Robert W. Baird initiated its recommendation with a Neutral and recommended $7 as its price target on August 12, 2022. RBC Capital Mkts upgraded its rating to Sector Perform for this stock on March 21, 2022, but kept the price target unchanged to $7. In a note dated August 18, 2021, Canaccord Genuity upgraded an Hold rating on this stock but restated the target price of $10.
BlackBerry Ltd [BB] stock has fluctuated between $2.20 and $5.75 over the past year. Currently, Wall Street analysts expect the stock to reach $4.16 within the next 12 months. BlackBerry Ltd [NYSE: BB] shares were valued at $2.42 at the most recent close of the market. An investor can expect a potential return of 71.9% based on the average BB price forecast.
Analyzing the BB fundamentals
BlackBerry Ltd [NYSE:BB] reported sales of 624.00M for the trailing twelve months, which represents a drop of -61.39%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.2 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 2.40 points at the first support level, and at 2.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.44, and for the 2nd resistance point, it is at 2.45.
Ratios To Look Out For
For context, BlackBerry Ltd’s Current Ratio is 1.43. On the other hand, the Quick Ratio is 1.43, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.92.
Transactions by insiders
Recent insider trading involved ERIKSSON MATTIAS, President of IoT, that happened on Jun 28 ’24 when 52549.0 shares were sold. Director, BRACE PHILIP G completed a deal on Feb 14 ’24 to buy 35000.0 shares. Meanwhile, Chief Financial Officer Rai Steve sold 20047.0 shares on Jan 08 ’24.
