BB Stock Summary and Trading Ideas (Blackberry | NYSE:BB)

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

Blackberry trades on the NYSE stock market under the symbol BB.

As of January 14, 2025, BB stock price climbed to $4.00 with 15,027,147 million shares trading.

BB has a beta of 0.24, meaning it tends to be less sensitive to market movements. BB has a correlation of 0.00 to the broad based SPY ETF.

BB has a market cap of $2.37 billion. This is considered a Mid Cap stock.

Last quarter Blackberry reported $143 million in Revenue and $.02 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.03.

In the last 3 years, BB traded as high as $9.32 and as low as $2.01.

The top ETF exchange traded funds that BB belongs to (by Net Assets): CIBR, IGV, DRIV, KOMP, FITE.

BB has underperformed the market in the last year with a return of +17.6%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BB shares. However, BB has outperformed the market in the last 3 month and 2 week periods, returning +60.6% and +4.4%, while SPY returned +0.8% and -1.0%, respectively. This indicates BB has been having a stronger performance recently.

BB support price is $3.76 and resistance is $4.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BB shares will trade within this expected range on the day.