BlackBerry Ltd (NYSE:BB) shares, rose in value on Wednesday, March 26, with the stock price down by -4.38% to the previous day’s close as strong demand from buyers drove the stock to $4.15.
Actively observing the price movement in the last trading, the stock closed the session at $4.34, falling within a range of $4.1101 and $4.3699. The value of beta (5-year monthly) was 0.908. 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 -15.48% over the past month.
With the market capitalization of BlackBerry Ltd currently standing at about $2.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-18.
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 Hold 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 -6.38% and -11.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.28, while the 7-day volatility ratio is showing 3.75% which for the 30-day chart, stands at 5.59%. Furthermore, BlackBerry Ltd (BB)’s beta value is 1.25, and its average true range (ATR) is 0.27.
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 -4.38% in last session, and over the past year, it grew by 55.43%%.
Data on historical trading for BlackBerry Ltd (NYSE:BB) indicates that the trading volumes over the past 10 days have averaged 12.89 and over the past 3 months, they’ve averaged 24.10 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 46.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.59 million shares as on 2025-03-14, resulting in a short ratio of 1.07. According to the data, the short interest in BlackBerry Ltd (BB) stood at 585.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 35.28 million. The stock has risen by 9.79% 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.
