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Saturday, June 3, 2023

The Street Is Finally Waking Up To BlackBerry Limited (NYSE: BB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for BlackBerry Limited (BB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.38%, to $5.21. The BlackBerry Limited has recorded 34,463 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed BlackBerry Radar Joins Forces with McLeod Software to Provide Transport and Logistics Companies with Better Fleet Visibility.

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Stocks Info

BlackBerry Limited is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $5.23 and fluctuated between $5.35 as its day high and $5.07 as its day low. The current market capitalization of BlackBerry Limited is $2.81B. A total of 5.9 million shares were traded on the day, compared to an average of 5.41M shares.

In the most recent transaction, Dickman Marjorie sold 28,237 shares of BB for 4.63 per share on Apr 03. After the transaction, the Chief Gv Aff & Pub Pol Officer now owns 35,372 company shares. In a previous transaction on Jan 03, GIAMATTEO JOHN JOSEPH sold 30,239 shares at 3.42 per share. BB shares that President of Cyber Security owns now total 76,485.

Among the insiders who sold shares, Rai Steve disposed of 8,958 shares on Jan 03 at a per-share price of $3.32. This resulted in the Chief Financial Officer holding 48,655 shares of BB after the transaction. In another insider transaction, ERIKSSON MATTIAS sold 5,896 shares at $3.42 per share on Jan 03. Company shares held by the President of IoT now total 36,785.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BB in the last 3 months, the mean price target is $5.50 with high estimates of $11.00 and low estimates of $4.00. In terms of 52-week highs and lows, BB has a high of $7.20 and a low of $3.17.

As of this writing, BB has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.06. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BB’s latest balance sheet shows that the firm has $712.00M in Cash & Short Term Investments as of fiscal 2022. There were $573.00M in debt and $397.00M in liabilities at the time. Its Book Value Per Share was $1.47, while its Total Shareholder’s Equity was $1.56B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 2.33.

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