On Friday, BlackBerry Ltd (NYSE: BB) opened lower -7.14% from the last session, before settling in for the closing price of $2.52. Price fluctuations for BB have ranged from $2.46 to $5.75 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 0.54% annually for the last half of the decade. Company’s average yearly earnings per share was noted -240.00% at the time writing. With a float of $579.93 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 Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of BlackBerry Ltd is 1.73%, while institutional ownership is 54.81%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 2/29/2024, the company posted 0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.05) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 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
Check out the current performance indicators for BlackBerry Ltd (BB). In the past quarter, the stock posted a quick ratio of 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit -0.05 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 11.99 million. That was better than the volume of 10.0 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.22%. Additionally, its Average True Range was 0.16.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 2.58%, which indicates a significant decrease from 6.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.19% in the past 14 days, which was lower than the 65.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.87, while its 200-day Moving Average is $3.42. However, in the short run, BlackBerry Ltd’s stock first resistance to watch stands at $2.48. Second resistance stands at $2.62. The third major resistance level sits at $2.71. If the price goes on to break the first support level at $2.25, it is likely to go to the next support level at $2.16. Assuming the price breaks the second support level, the third support level stands at $2.02.
BlackBerry Ltd (NYSE: BB) Key Stats
There are currently 590,171K shares outstanding in the company with a market cap of 1.38 billion. Presently, the company’s annual sales total 853,000 K according to its annual income of -130,000 K. Last quarter, the company’s sales amounted to 173,000 K and its income totaled -56,000 K.
