Stocks of BlackBerry Ltd (NYSE:BB) traded higher last session on Wall Street, down -2.96% to $3.94.
BB stock price is now 34.77% away from the 50-day moving average and 48.31% away from the 200-day moving average. The market capitalization of the company currently stands at $2.33B.
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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, ERIKSSON MATTIAS, President of IoT sold 12,680 shares of the company’s stock on Jan 06 ’25. The stock was sold for $50,720 at an average price of $4.00. Upon completion of the transaction, the President of IoT now directly owns 278,306 shares in the company, valued at $1.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, CEO & President, Cybersecurity GIAMATTEO JOHN JOSEPH sold 29,402 shares of the business’s stock. A total of $117,608 was realized by selling the stock at an average price of $4.00. This leaves the insider owning 490,761 shares of the company worth $1.93 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 $4.35. 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 $2.8932 and a two-hundred day moving average price translates $2.6502 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.
