In yesterday’s Wall Street session, BlackBerry Ltd (NYSE:BB) shares traded at $2.50, up 0.81% from the previous session.
BB stock price is now -7.48% away from the 50-day moving average and -21.15% away from the 200-day moving average. The market capitalization of the company currently stands at $1.48B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On December 21, 2023, RBC Capital Mkts reiterated its ‘Sector Perform’ rating on the stock by increasing its target price from $4.50 to quote $4, while ‘CIBC’ rates the stock as ‘Neutral’
In other news, ERIKSSON MATTIAS, President of IoT sold 52,549 shares of the company’s stock on Jun 28 ’24. The stock was sold for $128,745 at an average price of $2.45. Upon completion of the transaction, the President of IoT now directly owns 214,440 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’24, Director BRACE PHILIP G bought 35,000 shares of the business’s stock. A total of $97,650 was incurred on buying the stock at an average price of $2.79. This leaves the insider owning 35,000 shares of the company worth $87500.0. 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 $2.20 and a high of $5.75. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.43, and a quick ratio of 1.43. The fifty day moving average price for BB is $2.6964 and a two-hundred day moving average price translates $3.1582 for the stock.
The latest earnings results from BlackBerry Ltd (NYSE: BB) was released for 2024-05-31. The net profit margin was -25.80% and return on equity was -20.11% for BB. The company reported revenue of $144.0 million for the quarter, compared to $373.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -61.39 percent.
