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Tuesday, March 21, 2023

An Evaluation Of BlackBerry Limited (NYSE: BB) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for BlackBerry Limited (BB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.27%, to $3.69. The BlackBerry Limited has recorded 1,512 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that BlackBerry Reports Preliminary Fourth Quarter and Full Fiscal Year 2023 Results.

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Stocks Info

BB belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $3.70 and fluctuated between $3.7000 as its day high and $3.5900 as its day low. The current market capitalization of BlackBerry Limited is $2.18B. A total of 5.35 million shares were traded on the day, compared to an average of 7.33M shares.

In the most recent transaction, GIAMATTEO JOHN JOSEPH sold 30,239 shares of BB for 3.42 per share on Jan 03. After the transaction, the President of Cyber Security now owns 76,485 company shares. In a previous transaction on Jan 03, Rai Steve sold 8,958 shares at 3.32 per share. BB shares that Chief Financial Officer owns now total 48,655.

Among the insiders who sold shares, ERIKSSON MATTIAS disposed of 5,896 shares on Jan 03 at a per-share price of $3.42. This resulted in the President of IoT holding 36,785 shares of BB after the transaction. In another insider transaction, HO BILLY sold 4,056 shares at $3.42 per share on Jan 03. Company shares held by the EVP, Ent. Products & VAS now total 281,932.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BB in the last 3 months, the mean price target is $5.78 with high estimates of $12.00 and low estimates of $3.75. In terms of 52-week highs and lows, BB has a high of $7.97 and a low of $3.17.

As of this writing, BB has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.08. The company reported an EPS of -$0.05 in the last quarter, which was 28.60% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BB is Overweight with a score of 2.33. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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