BlackBerry Ltd [NYSE: BB] surged by $0.07 during the normal trading session on Monday and reaching a high of $4.05 during the day while it closed the day at $3.97.
BlackBerry Ltd stock has also gained 2.85% of its value over the past 7 days. However, BB stock has declined by -2.70% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.56% and gained 62.04% year-on date.
The market cap for BB stock reached $2.36 billion, with 594.53 million shares outstanding and 593.27 million shares in the current float. Compared to the average trading volume of 11.24M shares, BB reached a trading volume of 8428287 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 $4.91 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 2.90. 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.
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 Price to Book ratio for the last quarter was 3.26, with the Price to Cash per share for the same quarter was set at 0.52. Price to Free Cash Flow for BB in the course of the last twelve months was 234.62 with Quick ratio for the last quarter at 2.10.
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 2.85. With this latest performance, BB shares gained by 7.59% in over the last four-week period, additionally sinking by -12.56% over the last 6 months – not to mention a rise of 5.03% in the past year of trading.
BlackBerry Ltd [BB]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and BlackBerry Ltd [BB] shares currently have an operating margin of 4.19% and a Gross Margin at 68.43%. BlackBerry Ltd’s Net Margin is presently recorded at -8.29%.
BlackBerry Ltd (BB) Capital Structure & Debt Analysis
According to recent financial data for BlackBerry Ltd. ( BB), the Return on Equity (ROE) stands at -1.76%, reflecting a slight decline for investors. The Return on Assets (ROA) is -1.02%, reflecting the company’s efficiency in generating profits from its assets. Additionally, BlackBerry Ltd’s Return on Invested Capital (ROIC) is -4.83%, showcasing its effectiveness in deploying capital for earnings.
BlackBerry Ltd (BB) Efficiency & Liquidity Metrics
Based on BlackBerry Ltd’s (BB) latest financial statements, the Debt-to-Equity Ratio is 0.33%, indicating its reliance on debt financing relative to shareholder equity.
BlackBerry Ltd (BB) Efficiency & Liquidity Metrics
From an operational efficiency perspective, BlackBerry Ltd. (BB) effectively leverages its workforce, generating an average of -$25109.89 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.10% and a Quick Ratio of 2.10%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for BlackBerry Ltd [BB] stock
With the latest financial reports released by the company, BlackBerry Ltd posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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
There are presently around $50.99%, or 51.90%% 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 46.72 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%.
