BlackBerry Ltd (NYSE: BB) on Monday, soared 9.36% from the previous trading day, before settling in for the closing price of $2.35. Within the past 52 weeks, BB’s price has moved between $2.01 and $4.44.
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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. The company achieved an average annual earnings per share of -165.71%. With a float of $580.71 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. 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 and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of BlackBerry Ltd is 1.70%, while institutional ownership is 44.04%. 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) Latest Financial update
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.01 earnings per share (EPS) for the period topping the consensus outlook (set at -0.02) 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 -165.71% 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 1.44 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 3.38.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 9.82 million. That was better than the volume of 9.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.65%. Additionally, its Average True Range was 0.10.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 83.58%, which indicates a significant decrease from 94.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.38% in the past 14 days, which was higher than the 40.14% 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 $2.65. Second resistance stands at $2.74. The third major resistance level sits at $2.88. If the price goes on to break the first support level at $2.42, it is likely to go to the next support level at $2.28. The third support level lies at $2.19 if the price breaches the second support level.
BlackBerry Ltd (NYSE: BB) Key Stats
Market capitalization of the company is 2.15 billion based on 591,513K outstanding shares. Right now, sales total 853,000 K and income totals -130,000 K. The company made 145,000 K in profit during its latest quarter, and -19,000 K in sales during its previous quarter.
