BlackBerry Ltd [NYSE: BB] stock went on a downward path that fall over -2.63% on Friday, amounting to a one-week price decrease of less than -1.21%.
Over the last 12 months, BB stock rose by 47.83%. The one-year BlackBerry Ltd stock forecast points to a potential upside of 8.93. The average equity rating for BB stock is currently 2.75, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.44 billion, with 596.23 million shares outstanding and 595.61 million shares in the current float. Compared to the average trading volume of 13.61M shares, BB stock reached a trading volume of 18004181 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.48 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 2.75. 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.
TD Securities have made an estimate for BlackBerry Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2024. The new note on the price target was released on June 27, 2024, representing the official price target for BlackBerry Ltd stock. Previously, the target price had yet another drop from $4.50 to $4, while RBC Capital Mkts kept a Sector Perform rating on BB stock. On May 18, 2023, analysts increased their price target for BB shares from 4.20 to 6.50.
The Average True Range (ATR) for BlackBerry Ltd is set at 0.16, with the Price to Sales ratio for BB stock in the period of the last 12 months amounting to 4.25. The Price to Book ratio for the last quarter was 3.38, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for BB in the course of the last twelve months was 187.97 with Quick ratio for the last quarter at 1.72.
BB Stock Performance Analysis:
BlackBerry Ltd [BB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.21. With this latest performance, BB shares gained by 5.15% in over the last four-week period, additionally plugging by 44.68% over the last 6 months – not to mention a rise of 47.83% in the past year of trading.
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Insight into BlackBerry Ltd Fundamentals:
BlackBerry Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.72 and a Current Ratio set at 1.72.
BlackBerry Ltd [BB] Institutonal Ownership Details
The top three institutional holders of BB stocks are: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN with ownership of 46.72 million shares, which is approximately 7.9218%. PRIMECAP MANAGEMENT CO/CA/, holding 33.33 million shares of the stock with an approximate value of $$82.66 million in BB stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $$71.45 million in BB stock with ownership which is approximately 4.8466%.
