BlackBerry Ltd (NYSE:BB) traded at $3.09 at close of the session on Monday, December 16 and made an upward move of 14.87% on its previous day’s price.
Looking at the stock we see that its previous close was $2.69 and the beta (5Y monthly) reads 1.068 with the day’s price range being $2.75 – $3.19. In terms of its 52-week price range, BB has a high of $4.44 and a low of $2.01. The company’s stock has gained about 28.75% over that past 30 days.
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BlackBerry Ltd has a market cap of $1.83 billion and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 149.95M, with a low of 149.05M and a high of 150.69M. The median projection represents growth adding up to -14.31% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 603.04M, or -29.30% down from figures reported last year.
On the other hand, looking at the outlook for the BB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 25% Buy.
Based on estimates by 20 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the BlackBerry Ltd (BB) stock as a Hold, while 12 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 18.91% off its SMA20 and 24.20% from its 50-day simple moving average. The RSI (14) is pointing at 72.40 while the volatility over the past week is 6.92% and jumps to 5.14% over the past one month. The beta value is 1.42, while the average true range (ATR) is currently pointing at 0.15. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $2.8 and a high of $4.75. These price ends are 9.39% and -53.72% off the current price level respectively, although investors could be excited at the prospect of a 2.91% if the BB share price touches on the median price of $3.
Coming back to BlackBerry Ltd (NYSE:BB), we note that the average 3-month trading volume was 10.52 million, while that of the preceding 10-day period stands at 15.48 million. Current shares outstanding are 590.73 million.
The insiders hold 1.70% of the company’s shares while institutions hold 44.06%. The data shows that short shares as of 2024-11-29, stood at 26.27 million at a short ratio of 2.67. This represents a 445.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 26.98 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -12.71% down in year-to-date price movement.
