Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. BlackBerry Ltd’s current trading price is -29.93% away from its 52-week high, while its distance from the 52-week low is 54.78%. The stock’s price range during this period has varied between $2.01 and $4.44. The company, active in the Technology sector, saw a trading volume of around 18.78 million for the day, considerably higher average daily volume of 10.52 million observed over the last three months.
BlackBerry Ltd had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $4.44 on 12/18/23, while the lowest price during the same period was $2.01 on 08/05/24.
How Financial Performance Impacts Market Capitalization
BlackBerry Ltd (BB) has experienced a quarterly rise of 28.56% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.84B and boasts a workforce of 2647 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.42, with a change in price of +0.68. Similarly, BlackBerry Ltd recorded 8,373,668 in trading volume during the last 100 days, posting a change of +28.26%.
How BB’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for BB stands at 0.34. Similarly, the long-term debt-to-equity ratio is also 0.32.
BB Stock Stochastic Average
As of today, the raw stochastic average of BlackBerry Ltd over the last 50 days is at 89.59%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 89.01%. Further, the company’s Stochastic %K and %D values for the last 20 days were 73.61% and 72.52%, respectively.
BB Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -12.12%. However, over the past six months, we’ve seen a weaker performance of 35.27%. The price of BB fallen by 29.63% over the last 30 days. And in the last five days, it has surged by 5.82%.
