On Monday, BlackBerry Ltd (NYSE: BB) opened lower -2.82% from the last session, before settling in for the closing price of $2.48. Price fluctuations for BB have ranged from $2.20 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. Company’s average yearly earnings per share was noted -231.43% at the time writing. With a float of $579.82 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
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 1.75%, while institutional ownership is 56.31%. The most recent insider transaction that took place on Jun 28 ’24, was worth 128,745. In this transaction President of IoT of this company sold 52,549 shares at a rate of $2.45, taking the stock ownership to the 214,440 shares. Before that another transaction happened on Feb 14 ’24, when Company’s Director bought 35,000 for $2.79, making the entire transaction worth $97,650. This insider now owns 35,000 shares in total.
BlackBerry Ltd (BB) Latest Financial update
If we go through the results of last quarter, which was made public on 5/31/2024, the company posted -0.05 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.08) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -231.43% 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 2.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.29, a number that is poised to hit -0.03 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 4.69 million. That was inferior than the volume of 10.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 30.86%. Additionally, its Average True Range was 0.11.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 12.73%, which indicates a significant decrease from 16.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.37% in the past 14 days, which was lower than the 59.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.57, while its 200-day Moving Average is $3.06. However, in the short run, BlackBerry Ltd’s stock first resistance to watch stands at $2.48. Second resistance stands at $2.54. The third major resistance level sits at $2.58. If the price goes on to break the first support level at $2.38, it is likely to go to the next support level at $2.34. The third support level lies at $2.28 if the price breaches the second support level.
BlackBerry Ltd (NYSE: BB) Key Stats
There are currently 590,410K shares outstanding in the company with a market cap of 1.42 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 144,000 K and its income totaled -42,000 K.
