BlackBerry Ltd (NYSE:BB) shares traded -0.78% lower at $2.56 on Wall Street last session.
BB stock price is now 6.98% away from the 50-day moving average and -4.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.51B.
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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, Kurtz Philip S., CLO & Corp. Secretary sold 15,005 shares of the company’s stock on Sep 28 ’24. The stock was sold for $37,963 at an average price of $2.53. Upon completion of the transaction, the CLO & Corp. Secretary now directly owns 30,129 shares in the company, valued at $77130.24. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28 ’24, President of IoT ERIKSSON MATTIAS sold 52,549 shares of the business’s stock. A total of $128,745 was realized by selling the stock at an average price of $2.45. This leaves the insider owning 214,440 shares of the company worth $0.55 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 $4.44. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.44, and a quick ratio of 1.44. The fifty day moving average price for BB is $2.393 and a two-hundred day moving average price translates $2.6691 for the stock.
The latest earnings results from BlackBerry Ltd (NYSE: BB) was released for 2024-08-31. The net profit margin was -21.66% and return on equity was -17.68% 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.
