BlackBerry (TSE:BB) Sets New 12-Month High – Time to Buy?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$6.25 and last traded at C$6.26, with a volume of 1917274 shares trading hands. The stock had previously closed at C$5.87.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th.

BlackBerry Price Performance

The stock’s fifty day moving average price is C$5.00 and its 200-day moving average price is C$3.87. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. The firm has a market cap of C$3.76 billion, a price-to-earnings ratio of -20.52, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

Insider Activity

In other news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$5.76, for a total value of C$33,045.12. Corporate insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.