BlackBerry Ltd [NYSE: BB] plunged by -$0.22 during the normal trading session on while it closed the day at $2.85. The company report on March 14, 2024 at 12:01 AM that BlackBerry Reports 1 Million Attacks on Global Financial Sector in 120 Days.
Continued Increase in Novel Malware Fuels 3.7 Attacks per Minute.
– BlackBerry Limited (NYSE: BB; TSX: BB) today released its latest Global Threat Intelligence Report, revealing threat actors focusing efforts on targeting high-value data held by the global financial sector, with one million attacks logged over the 120 day period. This “death by a million cuts” is revealed to be using mainly commodity malware, which indicates a large number of independent actors targeting the industry in pursuit of financial gain. Critical infrastructure attacks, including those targeting government, financial, healthcare and communications industries, altogether accounted for 62 percent of industry-related attacks over the report period, September to December 2023.
BlackBerry Ltd stock has also gained 3.26% of its value over the past 7 days. However, BB stock has declined by -33.26% in the 3 months of the year. Over the past six months meanwhile, it has lost -47.03% and lost -19.49% year-on date.
The market cap for BB stock reached $1.67 billion, with 582.16 million shares outstanding and 575.12 million shares in the current float. Compared to the average trading volume of 9.11M shares, BB reached a trading volume of 41842467 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about BlackBerry Ltd [BB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BB shares is $4.45 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 2.55. 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.
RBC Capital Mkts have made an estimate for BlackBerry Ltd shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 21, 2023. While these analysts kept the previous recommendation, CIBC raised their target price from $4.20 to $6.50. The new note on the price target was released on May 18, 2023, representing the official price target for BlackBerry Ltd stock. Previously, the target price had yet another raise to $4, while TD Securities analysts kept a Hold rating on BB stock.
The Average True Range (ATR) for BlackBerry Ltd is set at 0.15, with the Price to Sales ratio for BB stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 0.36.
BB stock trade performance evaluation
BlackBerry Ltd [BB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.26. With this latest performance, BB shares gained by 2.52% in over the last four-week period, additionally sinking by -47.03% over the last 6 months – not to mention a drop of -22.97% 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 48.95, with the RSI for the last a single of trading hit 49.05, and the three-weeks RSI is set at 47.28 for BlackBerry Ltd [BB]. The present Moving Average for the last 50 days of trading for this stock 2.95, while it was recorded at 3.04 for the last single week of trading, and 4.07 for the last 200 days.
BlackBerry Ltd [BB]: An insightful look at the core fundamentals
BlackBerry Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 0.89.
Earnings per share (EPS) analysis for BlackBerry Ltd [BB] stock
With the latest financial reports released by the company, BlackBerry Ltd posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 60.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BB.
BlackBerry Ltd [BB]: Institutional Ownership
The top three institutional holders of BB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BB stock with ownership which is approximately 5.8325%.
