BlackBerry Ltd (NYSE: BB) on Monday, soared 14.87% from the previous trading day, before settling in for the closing price of $2.69. 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 -158.14%. With a float of $580.71 million, this company’s outstanding shares have now reached $590.73 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 Updates
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 44.06%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -158.14% 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 2.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.25, a number that is poised to hit -0.01 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 16.6 million. That was better than the volume of 9.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 60.86%. Additionally, its Average True Range was 0.15.
During the past 100 days, BlackBerry Ltd’s (BB) raw stochastic average was set at 91.53%, which indicates a significant increase from 85.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.43% in the past 14 days, which was higher than the 49.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.49, while its 200-day Moving Average is $2.57. However, in the short run, BlackBerry Ltd’s stock first resistance to watch stands at $3.27. Second resistance stands at $3.45. The third major resistance level sits at $3.71. If the price goes on to break the first support level at $2.83, it is likely to go to the next support level at $2.57. Assuming the price breaks the second support level, the third support level stands at $2.39.
BlackBerry Ltd (NYSE: BB) Key Stats
Market capitalization of the company is 1.83 billion based on 591,583K 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.
