BlackBerry Ltd (NYSE: BB) on Friday, plunged -1.43% from the previous trading day, before settling in for the closing price of $2.79. Within the past 52 weeks, BB’s price has moved between $2.46 and $5.75.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.54%. The company achieved an average annual earnings per share of -240.00%. With a float of $578.93 million, this company’s outstanding shares have now reached $589.23 million.
Let’s determine the extent of company efficiency that accounts for 2647 employees.
BlackBerry Ltd (BB) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of BlackBerry Ltd is 1.75%, while institutional ownership is 49.88%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.40 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
BlackBerry Ltd (BB) is currently performing well based on its current performance indicators. A quick ratio of 1.43 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.90.
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)
Looking closely at BlackBerry Ltd (NYSE: BB), its last 5-days average volume was 6.99 million, which is a drop from its year-to-date volume of 9.7 million. As of the previous 9 days, the stock’s Stochastic %D was 19.91%. Additionally, its Average True Range was 0.16.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 14.65%, which indicates a significant decrease from 17.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.35% in the past 14 days, which was higher than the 62.08% 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 $3.78. However, in the short run, BlackBerry Ltd’s stock first resistance to watch stands at $2.79. Second resistance stands at $2.83. The third major resistance level sits at $2.86. If the price goes on to break the first support level at $2.72, it is likely to go to the next support level at $2.69. Should the price break the second support level, the third support level stands at $2.65.
BlackBerry Ltd (NYSE: BB) Key Stats
Market capitalization of the company is 1.62 billion based on 589,233K outstanding shares. Right now, sales total 853,000 K and income totals -130,000 K. The company made 173,000 K in profit during its latest quarter, and -56,000 K in sales during its previous quarter.
