A new trading day began on Friday, with BlackBerry Ltd (NYSE: BB) stock price down -1.24% from the previous day of trading, before settling in for the closing price of $2.42. BB’s price has ranged from $2.01 to $4.44 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
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 0.54%. Meanwhile, its annual earnings per share averaged -165.71%. With a float of $580.33 million, this company’s outstanding shares have now reached $589.23 million.
Considering the fact that the conglomerate employs 2647 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 66.24%, operating margin of -8.98%, and the pretax margin is -17.23%.
BlackBerry Ltd (BB) Insider Activity
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 1.76%, while institutional ownership is 45.13%. The most recent insider transaction that took place on Sep 28 ’24, was worth 37,963. In this transaction CLO & Corp. Secretary of this company sold 15,005 shares at a rate of $2.53, taking the stock ownership to the 30,129 shares. Before that another transaction happened on Jun 28 ’24, when Company’s President of IoT sold 52,549 for $2.45, making the entire transaction worth $128,745. This insider now owns 214,440 shares in total.
BlackBerry Ltd (BB) Earnings and Forecasts
In its latest quarterly report, released on 8/31/2024, the company reported earnings of 0.01 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 -165.71% 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 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.25, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.00 in one year’s time.
Technical Analysis of BlackBerry Ltd (BB)
Compared to the last year’s volume of 9.03 million, its volume of 6.56 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 10.86%. Additionally, its Average True Range was 0.10.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 41.53%, which indicates a significant increase from 19.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.52% in the past 14 days, which was lower than the 44.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.42, while its 200-day Moving Average is $2.65. Nevertheless, the first resistance level for the watch stands at $2.44 in the near term. At $2.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.51. If the price goes on to break the first support level at $2.36, it is likely to go to the next support level at $2.33. Should the price break the second support level, the third support level stands at $2.28.
BlackBerry Ltd (NYSE: BB) Key Stats
With a market capitalization of 1.41 billion, the company has a total of 590,410K Shares Outstanding. Currently, annual sales are 853,000 K while annual income is -130,000 K. The company’s previous quarter sales were 145,000 K while its latest quarter income was -19,000 K.
