BlackBerry Ltd (NYSE:BB) price on Thursday, May 09, rose 2.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.92.
A look at the stock’s price movement, the level at last check in today’s session was $2.86. Turning to its 52-week performance, $5.75 and $2.46 were the 52-week high and 52-week low respectively. Overall, BB moved -5.81% over the past month.
BlackBerry Ltd’s market cap currently stands at around $1.72 billion.
Analysts have a consensus estimate of 134.05M for the company’s revenue for the quarter, with a low and high estimate of 133M and 135.38M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 600.97M, representing a -29.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BB is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
BB’s current price about 1.92% and 3.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.07, while 7-day volatility ratio is 4.15% and 4.67% in the 30-day chart. Further, BlackBerry Ltd (BB) has a beta value of 1.38, and an average true range (ATR) of 0.13.
If we refocus on BlackBerry Ltd (NYSE:BB), historical trading data shows that trading volumes averaged 8.62 million over the past 3 months. The company’s latest data on shares outstanding shows there are 589.23 million shares.
The 1.75% of BlackBerry Ltd’s shares are in the hands of company insiders while institutional holders own 50.18% of the company’s shares. Current price change has pushed the stock -17.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BB stock continues to rise going into the next quarter.
