Is BlackBerry Ltd (NYSE: BB) Still On The Rise?

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of BlackBerry Ltd is $1.48B. A total of 7.4 million shares were traded on the day, compared to an average of 11.58M shares.

In the most recent transaction, ERIKSSON MATTIAS sold 52,549 shares of BB for 2.45 per share on Jun 28 ’24. After the transaction, the President of IoT now owns 214,440 company shares. In a previous transaction on Feb 14 ’24, BRACE PHILIP G bought 35,000 shares at 2.79 per share. BB shares that Director owns now total 35,000.

Among the insiders who sold shares, Rai Steve disposed of 20,047 shares on Jan 08 ’24 at a per-share price of $3.25. This resulted in the Chief Financial Officer holding 84,599 shares of BB after the transaction. In another insider transaction, GIAMATTEO JOHN JOSEPH sold 18,279 shares at $3.23 per share on Jan 08 ’24. Company shares held by the CEO & President, Cybersecurity now total 206,090.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BB has a high of $5.75 and a low of $2.20.

As of this writing, BB has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BB’s latest balance sheet shows that the firm has $712.00M in Cash & Short Term Investments as of fiscal 2022. There were $601.00M in debt and $397.00M in liabilities at the time. Its Book Value Per Share was $1.26, while its Total Shareholder’s Equity was $1.56B.

Analysts Opinion

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. 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 3.33.

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