At the time of writing, BlackBerry Ltd [BB] stock is trading at $3.69, up 23.83%. 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 37.17% over the last week, with a monthly amount glided 59.74%, 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 20, 2024, when TD Securities upgraded its rating to a Buy but kept the price target unchanged to $4 for it. Previously, CIBC upgraded its rating to Sector Outperform on June 27, 2024. On December 21, 2023, RBC Capital Mkts reiterated its Sector Perform rating and revised its price target to $4 on the stock. CIBC upgraded its rating to a Neutral and increased its price target to $6.50 on May 18, 2023. TD Securities upgraded its rating to a Hold but $4 remained the price target by the analyst firm on March 31, 2023. Robert W. Baird started tracking with a Neutral rating for this stock on August 12, 2022, and assigned it a price target of $7. In a note dated March 21, 2022, RBC Capital Mkts upgraded an Sector Perform rating on this stock but restated the target price of $7.
For the past year, the stock price of BlackBerry Ltd fluctuated between $2.01 and $4.27. Currently, Wall Street analysts expect the stock to reach $3.52 within the next 12 months. BlackBerry Ltd [NYSE: BB] shares were valued at $3.69 at the most recent close of the market. An investor can expect a potential drop of -4.61% based on the average BB price forecast.
Analyzing the BB fundamentals
According to BlackBerry Ltd [NYSE:BB], the company’s sales were 605.00M for trailing twelve months, which represents an -18.29% plunge. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.1 and Total Capital is 0.01.
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 3.21 points at the first support level, and at 2.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.93, and for the 2nd resistance point, it is at 4.18.
Ratios To Look Out For
It is important to note that BlackBerry Ltd [NYSE:BB] has a current ratio of 1.37. In addition, the Quick Ratio stands at 1.44 and the Cash Ratio stands at 1.03. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 3.01.
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.
