In yesterday’s Wall Street session, BlackBerry Ltd (NYSE:BB) shares traded at $4.31, down -2.93% from the previous session.
BB stock price is now 25.19% away from the 50-day moving average and 56.80% away from the 200-day moving average. The market capitalization of the company currently stands at $2.55B.
With the price target maintained at $4, TD Securities recently Upgraded its rating from Hold to Buy for BlackBerry Ltd (NYSE: BB). , while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Chai Jay P., SVP & Chief Accounting Officer sold 24,425 shares of the company’s stock on Jan 24 ’25. The stock was sold for $102,341 at an average price of $4.19. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, President of IoT ERIKSSON MATTIAS sold 12,680 shares of the business’s stock. A total of $50,720 was realized by selling the stock at an average price of $4.00. This leaves the insider owning 278,306 shares of the company worth $1.2 million. A total of 1.76% of the company’s stock is owned by insiders.
During the past 12 months, BlackBerry Ltd has had a low of $2.01 and a high of $4.54. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 1.37, and a quick ratio of 1.37. The fifty day moving average price for BB is $3.4044 and a two-hundred day moving average price translates $2.74085 for the stock.
The latest earnings results from BlackBerry Ltd (NYSE: BB) was released for 2024-08-31. The net profit margin was -21.16% and return on equity was -13.55% for BB. The company reported revenue of $145.0 million for the quarter, compared to $132.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.85 percent.
