In Tuesday’s Wall Street session, BlackBerry Ltd (NYSE:BB) shares traded at $4.13, up 9.84% from the previous session.
BB stock price is now 12.82% away from the 50-day moving average and 23.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.47B.
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, Armstrong-Owen Jennifer, Sr VP & Chief People Officer sold 29,940 shares of the company’s stock on Apr 04 ’25. The stock was sold for $89,521 at an average price of $2.99. Upon completion of the transaction, the Sr VP & Chief People Officer now directly owns 42,398 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’25, Chief Financial Officer Foote Tim sold 5,196 shares of the business’s stock. A total of $15,536 was realized by selling the stock at an average price of $2.99. This leaves the insider owning 31,120 shares of the company worth $0.13 million. A total of 1.75% 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 $6.24. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.72, and a quick ratio of 1.72.
The net profit margin was -15.62% and return on equity was -7.59% for BB. The company reported revenue of $102.9 million for the quarter, compared to $102.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.78 percent.
