A new trading day began on Monday, with BlackBerry Ltd (NYSE: BB) stock price up 0.42% from the previous day of trading, before settling in for the closing price of $2.38. BB’s price has ranged from $2.01 to $4.44 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.54%. Meanwhile, its annual earnings per share averaged -165.71%. With a float of $580.71 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. 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 1.70%, while institutional ownership is 44.08%. 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
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 3.08.
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)
Looking closely at BlackBerry Ltd (NYSE: BB), its last 5-days average volume was 9.56 million, which is a jump from its year-to-date volume of 9.05 million. As of the previous 9 days, the stock’s Stochastic %D was 48.39%. Additionally, its Average True Range was 0.10.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 56.72%, which indicates a significant increase from 48.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.79% in the past 14 days, which was lower than the 37.68% 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 $2.58. However, in the short run, BlackBerry Ltd’s stock first resistance to watch stands at $2.43. Second resistance stands at $2.46. The third major resistance level sits at $2.51. If the price goes on to break the first support level at $2.35, it is likely to go to the next support level at $2.30. Should the price break the second support level, the third support level stands at $2.27.
BlackBerry Ltd (NYSE: BB) Key Stats
With a market capitalization of 1.96 billion, the company has a total of 591,513K 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.
