The stock of BlackBerry Limited (NYSE:BB) last traded at $4.68, down -15.52% from the previous session.
Data from the available sources indicates that BlackBerry Limited (NYSE:BB) is covered by 11 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $4.50, we find $6.00. Given the previous closing price of $5.54, this indicates a potential upside of 8.3 percent. BB stock price is now -4.29% away from the 50-day moving average and 4.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.72B.
In total, 8 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $6.39 as their price target over the next twelve months.
With the price target enhanced from $4.20 to $6.50, CIBC Upgraded its rating from Sector Underperform to Neutral for BlackBerry Limited (NYSE: BB).
In other news, ERIKSSON MATTIAS, President of IoT sold 11,126 shares of the company’s stock on Jun 28. The stock was sold for $61,861 at an average price of $5.56. Upon completion of the transaction, the President of IoT now directly owns 64,721 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03, Chief Gv Aff & Pub Pol Officer Dickman Marjorie sold 28,237 shares of the business’s stock. A total of $130,737 was realized by selling the stock at an average price of $4.63. This leaves the insider owning 35,372 shares of the company worth $0.17 million. Insiders disposed of 18,116,029 shares of company stock worth roughly $84.78 million over the past 1 year. A total of 11.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BB stock. A new stake in BlackBerry Limited shares was purchased by CARTENNA CAPITAL, LP during the first quarter worth $5,616,000. MILLENNIUM MANAGEMENT LLC invested $2,186,000 in shares of BB during the first quarter. In the first quarter, MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in BlackBerry Limited valued at approximately $1,972,000. WALLEYE CAPITAL LLC acquired a new stake in BB for approximately $1,544,000. VESTCOR INC purchased a new stake in BB valued at around $1,404,000 in the second quarter.
With an opening price of $4.8400 on Thursday morning, BlackBerry Limited (NYSE: BB) set off the trading day. During the past 12 months, BlackBerry Limited has had a low of $3.17 and a high of $6.21. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for BB is $4.8824 and a two-hundred day moving average price translates $4.4948 for the stock.
According to the Software – Infrastructure Company, earnings per share came in at $0.06, beating analysts’ expectations of -$0.05 by 0.11. This compares to -$0.28 EPS in the same period last year. The net profit margin was -65.50% and return on equity was -51.40% for BB. The company reported revenue of $373.0 million for the quarter, compared to $168.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 122.02 percent. For the current quarter, analysts expect BB to generate $150.53M in revenue.
