While BlackBerry Ltd has underperformed by -7.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BB fell by -48.41%, with highs and lows ranging from $4.70 to $2.01, whereas the simple moving average fell by -12.14% in the last 200 days.
On June 27, 2024, CIBC Upgraded BlackBerry Ltd (NYSE: BB) to Sector Outperform. A report published by RBC Capital Mkts on December 21, 2023, Reiterated its previous ‘Sector Perform’ rating for BB. CIBC also Upgraded BB shares as ‘Neutral’, setting a target price of $6.50 on the company’s shares in a report dated May 18, 2023. Robert W. Baird initiated its ‘Neutral’ rating for BB, as published in its report on August 12, 2022. RBC Capital Mkts’s report from March 21, 2022 suggests a price prediction of $7 for BB shares, giving the stock a ‘Sector Perform’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
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Analysis of BlackBerry Ltd (BB)
Further, the quarter-over-quarter increase in sales is 9.85%, showing a positive trend in the upcoming months.
To gain a thorough understanding of BlackBerry Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -17.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.44, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BB is recording an average volume of 5.93M. On a monthly basis, the volatility of the stock is set at 4.48%, whereas on a weekly basis, it is put at 7.41%, with a loss of -0.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.53, showing growth from the present price of $2.43, which can serve as yet another indication of whether BB is worth investing in or should be passed over.
How Do You Analyze BlackBerry Ltd Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.76%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 45.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BB shares are owned by institutional investors to the tune of 45.14% at present.
