BlackBerry Ltd (NYSE:BB) traded at $6.14 at last check on current trade day and made an upward move of 7.88% on its previous day’s price.
Looking at the stock we see that its previous close was $5.69 and the beta (5Y monthly) reads 0.966 with the day’s price range being $5.735 – $6.19. In terms of its 52-week price range, BB has a high of $6.00 and a low of $2.01. The company’s stock has gained about 45.81% over that past 30 days.
BlackBerry Ltd has a market cap of $3.63 billion and is expected to release its quarterly earnings report in March.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 137.25M, with a low of 131.62M and a high of 151M. The median projection represents growth adding up to -20.67% 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 565.14M, or -33.75% 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 100% 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 26.70% off its SMA20 and 52.04% from its 50-day simple moving average. The RSI (14) is pointing at 76.81 while the volatility over the past week is 7.70% and jumps to 6.03% over the past one month. The beta value is 1.29, while the average true range (ATR) is currently pointing at 0.31. The average price target for the stock over the next 12 months is $2.8, with the estimates having a low of $2.8 and a high of $2.8. These price ends are 54.4% and 54.4% off the today’s price level respectively, although investors could be excited at the prospect of a 54.4% if the BB share price touches on the median price of $2.8.
Coming back to BlackBerry Ltd (NYSE:BB), we note that the average 3-month trading volume was 18.92 million, while that of the preceding 10-day period stands at 29.06 million. Current shares outstanding are 591.58 million.
The insiders hold 1.78% of the company’s shares while institutions hold 46.63%. The data shows that short shares as of 2025-01-31, stood at 28.69 million at a short ratio of 1.47. This represents a 485.00 short interest in shares outstanding on 2025-01-31. Shares short fall in January from the previous month at 29.5 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 62.40% up in year-to-date price movement.
