BlackBerry Ltd (NYSE:BB) shares, rose in value on Wednesday, June 18, with the stock price up by 0.47% to the previous day’s close as strong demand from buyers drove the stock to $4.32.
Actively observing the price movement in the last trading, the stock closed the session at $4.30. 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 10.49% over the past month.
With the market capitalization of BlackBerry Ltd currently standing at about $2.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-02.
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 Hold 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 5.91% and 16.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.15, while the 7-day volatility ratio is showing 3.83% which for the 30-day chart, stands at 3.04%. Furthermore, BlackBerry Ltd (BB)’s beta value is 1.45, and its average true range (ATR) is 0.17.
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 0.47% in last session, and over the past year, it grew by 84.62%%.
Data on historical trading for BlackBerry Ltd (NYSE:BB) indicates that the trading volumes over the past 3 months, they’ve averaged 13.73 million. According to company’s latest data on outstanding shares, there are 596.23 million shares outstanding.
Nearly 0.25% of BlackBerry Ltd’s shares belong to company insiders and institutional investors own 45.90% of the company’s shares. The stock has risen by 14.29% 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.
