BlackBerry Ltd (NYSE:BB) shares, rose in value on Thursday, March 06, with the stock price down by -5.16% to the previous day’s close as strong demand from buyers drove the stock to $4.41.
Actively observing the price movement in the last trading, the stock closed the session at $4.65. Referring to stock’s 52-week performance, its high was $6.24, and the low was $2.01. On the whole, BB has fluctuated by -4.55% over the past month.
With the market capitalization of BlackBerry Ltd currently standing at about $2.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 554.17M, with a low estimate of 131.62M and a high estimate of 151M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 137.56M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of BB currently trading nearly -15.22% and -2.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.44, while the 7-day volatility ratio is showing 7.96% which for the 30-day chart, stands at 7.96%. Furthermore, BlackBerry Ltd (BB)’s beta value is 1.23, and its average true range (ATR) is 0.36.
A comparison of BlackBerry Ltd (BB) with its peers suggests the former has fared considerably weaker in the market. BB showed an intraday change of -5.16% in last session, and over the past year, it grew by 64.55%%.
Data on historical trading for BlackBerry Ltd (NYSE:BB) indicates that the trading volumes over the past 3 months, they’ve averaged 25.71 million. According to company’s latest data on outstanding shares, there are 591.58 million shares outstanding.
Nearly 1.76% of BlackBerry Ltd’s shares belong to company insiders and institutional investors own 46.77% of the company’s shares. The stock has risen by 16.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BB stock heading into the next quarter.
