At the time of writing, BlackBerry Ltd [BB] stock is trading at $2.38, down -0.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BB shares have gain 2.59% over the last week, with a monthly amount drifted -7.75%, 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.
For the past year, the stock price of BlackBerry Ltd fluctuated between $2.01 and $4.44. Currently, Wall Street analysts expect the stock to reach $4.18 within the next 12 months. BlackBerry Ltd [NYSE: BB] shares were valued at $2.38 at the most recent close of the market. An investor can expect a potential return of 75.63% based on the average BB price forecast.
Analyzing the BB fundamentals
According to BlackBerry Ltd [NYSE:BB], the company’s sales were 637.00M for trailing twelve months, which represents an 9.85% jump. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.18 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 2.34 points at the first support level, and at 2.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.42, and for the 2nd resistance point, it is at 2.45.
Ratios To Look Out For
It is important to note that BlackBerry Ltd [NYSE:BB] has a current ratio of 1.44. In addition, the Quick Ratio stands at 1.44 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 1.92.
Transactions by insiders
Recent insider trading involved Kurtz Philip S., CLO & Corp. Secretary, that happened on Sep 28 ’24 when 15005.0 shares were sold. President of IoT, ERIKSSON MATTIAS completed a deal on Jun 28 ’24 to sell 52549.0 shares. Meanwhile, Director BRACE PHILIP G bought 35000.0 shares on Feb 14 ’24.
