While BlackBerry Ltd has underperformed by -6.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BB fell by -33.60%, with highs and lows ranging from $5.75 to $2.55, whereas the simple moving average fell by -39.07% in the last 200 days.
On December 21, 2023, RBC Capital Mkts Reiterated BlackBerry Ltd (NYSE: BB) to Sector Perform. A report published by CIBC on May 18, 2023, Upgraded its rating to ‘Neutral’ for BB. TD Securities also Upgraded BB shares as ‘Hold’, setting a target price of $4 on the company’s shares in a report dated March 31, 2023. Robert W. Baird Initiated an Neutral rating on August 12, 2022, and assigned a price target of $7. RBC Capital Mkts March 21, 2022d its ‘Underperform’ rating to ‘Sector Perform’ for BB, as published in its report on March 21, 2022. Canaccord Genuity’s report from August 18, 2021 suggests a price prediction of $10 for BB shares, giving the stock a ‘Hold’ rating. TD Securities also rated the stock as ‘Reduce’.
Analysis of BlackBerry Ltd (BB)
Further, the quarter-over-quarter increase in sales is 3.55%, showing a positive trend in the upcoming months.
One of the most important indicators of BlackBerry Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -52.59% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.89, 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.
For any stock, average volume can also provide valuable insight into volatility, and BB is recording 9.31M average volume. On a monthly basis, the volatility of the stock is set at 5.26%, whereas on a weekly basis, it is put at 7.79%, with a loss of -19.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.45, showing growth from the present price of $2.47, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 1.75%. 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 50.28% 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 50.28% at present.
