A new trading day began on Friday, with BlackBerry Ltd (NYSE: BB) stock price down -4.39% from the previous day of trading, before settling in for the closing price of $3.19. BB’s price has ranged from $2.46 to $5.75 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 0.54% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -240.00%. With a float of $578.93 million, this company’s outstanding shares have now reached $589.23 million.
In an organization with 2647 employees, it is important to assess its efficiency.
BlackBerry Ltd (BB) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of BlackBerry Ltd is 1.75%, while institutional ownership is 50.05%. The most recent insider transaction that took place on Feb 14 ’24, was worth 97,650. In this transaction Director of this company bought 35,000 shares at a rate of $2.79, taking the stock ownership to the 35,000 shares. Before that another transaction happened on Jan 08 ’24, when Company’s Chief Financial Officer sold 20,047 for $3.25, making the entire transaction worth $65,153. This insider now owns 84,599 shares in total.
BlackBerry Ltd (BB) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.50 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -240.00% per share during the next fiscal year.
BlackBerry Ltd (NYSE: BB) Trading Performance Indicators
Here are BlackBerry Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of BlackBerry Ltd (BB)
Let’s dig in a bit further. During the last 5-days, its volume was 11.19 million. That was better than the volume of 9.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.04%. Additionally, its Average True Range was 0.17.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 29.80%, which indicates a significant decrease from 68.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.30% in the past 14 days, which was lower than the 60.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.79, while its 200-day Moving Average is $3.85. However, in the short run, BlackBerry Ltd’s stock first resistance to watch stands at $3.15. Second resistance stands at $3.24. The third major resistance level sits at $3.31. If the price goes on to break the first support level at $2.98, it is likely to go to the next support level at $2.91. The third support level lies at $2.82 if the price breaches the second support level.
BlackBerry Ltd (NYSE: BB) Key Stats
With a market capitalization of 1.80 billion, the company has a total of 589,233K Shares Outstanding. Currently, annual sales are 853,000 K while annual income is -130,000 K. The company’s previous quarter sales were 173,000 K while its latest quarter income was -56,000 K.
