BlackBerry Limited [BB] Revenue clocked in at $712.00 million, down -34.65% YTD: What’s Next?

BlackBerry Limited [NYSE: BB] traded at a high on 08/29/22, posting a 0.33 gain after which it closed the day’ session at $6.11. The company report on August 24, 2022 that Registration Now Open for BlackBerry Security Summit 2022.


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Hybrid, Multi-Day Event Returns to the New York Stock Exchange to Help Cybersecurity Professionals Stay on Top of Rapidly Evolving Threat Landscape.

– BlackBerry Limited (NYSE: BB; TSX: BB), today announced that registration is now open for its 9th annual Security Summit. Bringing together industry experts and thought leaders from across the globe, the hybrid, multi-day event will include a mix of live, in-person and OnDemand sessions, fireside chats and interactive talks on cybersecurity innovations and best practices, prevention-first security, endpoint management, artificial intelligence, machine learning, key industry trends and more.

The results of the trading session contributed to over 8956299 shares changing hands. Over the past one week, the price volatility of BlackBerry Limited stands at 3.38% while the volatility over the past one month is 3.95%.

The market cap for BB stock reached $3.71 billion, with 576.88 million shares outstanding and 566.98 million shares in the current float. Compared to the average trading volume of 7.40M shares, BB reached a trading volume of 8956299 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about BlackBerry Limited [BB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BB shares is $8.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BB stock is a recommendation set at 3.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for BlackBerry Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 12, 2022. The new note on the price target was released on March 21, 2022, representing the official price target for BlackBerry Limited stock. Previously, the target price had yet another raise to $10, while Canaccord Genuity analysts kept a Hold rating on BB stock.

The Average True Range (ATR) for BlackBerry Limited is set at 0.26, with the Price to Sales ratio for BB stock in the period of the last 12 months amounting to 5.21. The Price to Book ratio for the last quarter was 2.55, with the Price to Cash per share for the same quarter was set at 1.09.

How has BB stock performed recently?

BlackBerry Limited [BB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.16. With this latest performance, BB shares dropped by -0.33% in over the last four-week period, additionally sinking by -11.06% over the last 6 months – not to mention a drop of -45.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BB stock in for the last two-week period is set at 44.72, with the RSI for the last a single of trading hit 39.87, and the three-weeks RSI is set at 47.49 for BlackBerry Limited [BB]. The present Moving Average for the last 50 days of trading for this stock 6.08, while it was recorded at 6.21 for the last single week of trading, and 7.13 for the last 200 days.

BlackBerry Limited [BB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and BlackBerry Limited [BB] shares currently have an operating margin of -29.81 and a Gross Margin at +42.06. BlackBerry Limited’s Net Margin is presently recorded at +1.67.

Return on Equity for this stock inclined to 0.78, with Return on Assets sitting at 0.44.

BlackBerry Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

Insider trade positions for BlackBerry Limited [BB]

There are presently around $1,353 million, or 56.60% of BB stock, in the hands of institutional investors. The top three institutional holders of BB stocks are: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN with ownership of 46,724,700, which is approximately 0% of the company’s market cap and around 11.20% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 37,936,622 shares of the stock with an approximate value of $231.79 million in BB stocks shares; and FIFTHDELTA LTD, currently with $138.49 million in BB stock with ownership of nearly 73.667% of the company’s market capitalization.

Positions in BlackBerry Limited stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 104 institutional holders increased their position in BlackBerry Limited [NYSE:BB] by around 23,257,710 shares. Additionally, 121 investors decreased positions by around 18,956,693 shares, while 76 investors held positions by with 179,291,756 shares. The mentioned changes placed institutional holdings at 221,506,159 shares, according to the latest SEC report filing. BB stock had 33 new institutional investments in for a total of 2,493,996 shares, while 48 institutional investors sold positions of 5,153,948 shares during the same period.

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