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Friday, September 29, 2023

Value Investing Philosophy And BlackBerry Limited (NYSE: BB)?

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 same, with the stock’s consolidated last price remained same to $5.38. The BlackBerry Limited has recorded 24,061 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that BlackBerry Launches ‘Intrinsically Safe’ Certified Solution for Hazardous Materials Carriers.

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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 $5.38 and fluctuated between $5.65 as its day high and $5.38 as its day low. The current market capitalization of BlackBerry Limited is $3.20B. A total of 9.53 million shares were traded on the day, compared to an average of 5.86M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BB has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 78,124 and the disposition of 22,252 shares. Over the last 12 months, there were 56 BUYs and 41 SELLs from insiders. Insiders purchased 19,606,734 shares during that period but sold 18,116,029.

In the most recent transaction, ERIKSSON MATTIAS sold 11,126 shares of BB for 5.56 per share on Jun 28. After the transaction, the President of IoT now owns 64,721 company shares. In a previous transaction on Apr 03, Dickman Marjorie sold 28,237 shares at 4.63 per share. BB shares that Chief Gv Aff & Pub Pol Officer owns now total 35,372.

Among the insiders who sold shares, GIAMATTEO JOHN JOSEPH disposed of 30,239 shares on Jan 03 at a per-share price of $3.42. This resulted in the President of Cyber Security holding 76,485 shares of BB after the transaction. In another insider transaction, Rai Steve sold 8,958 shares at $3.32 per share on Jan 03. Company shares held by the Chief Financial Officer now total 48,655.

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 $6.39 with high estimates of $12.00 and low estimates of $4.50. In terms of 52-week highs and lows, BB has a high of $6.10 and a low of $3.17.

As of this writing, BB has an earnings estimate of $BP p.l.c. per share for the current quarter. EPS was calculated based on a consensus of Boeing Company (The) estimates, with a high estimate of $Blackstone Inc. per share and a lower estimate of $BlackBerry Limited.

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. 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

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, 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 2.71.

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