Currently, BlackBerry Ltd [BB] is trading at $4.06, up 0.25%. 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 6.28% over the last week, with a monthly amount glided 38.10%, and seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $2.01 and a high of $4.35 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $2.8 within the next 12 months. BlackBerry Ltd [NYSE: BB] shares were valued at $4.06 at the most recent close of the market. An investor can expect a potential drop of -31.03% based on the average BB price forecast.
Analyzing the BB fundamentals
Trailing Twelve Months sales for BlackBerry Ltd [NYSE:BB] were 605.00M which represents -18.29% decline. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.22 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 11.47.
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 3.95 points at the first support level, and at 3.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.14, and for the 2nd resistance point, it is at 4.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for BlackBerry Ltd [NYSE:BB] is 1.37. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 3.97, the price to book ratio is 3.31.
Transactions by insiders
Recent insider trading involved ERIKSSON MATTIAS, President of IoT, that happened on Jan 06 ’25 when 12680.0 shares were sold. CEO & President, Cybersecurity, GIAMATTEO JOHN JOSEPH completed a deal on Jan 06 ’25 to sell 29402.0 shares. Meanwhile, Chief Gv Aff & Pub Pol Officer Dickman Marjorie sold 5737.0 shares on Jan 06 ’25.
