BlackBerry (TSE:BB) Hits New 52-Week High – Still a Buy?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$6.23 and last traded at C$5.83, with a volume of 4872362 shares changing hands. The stock had previously closed at C$5.86.

Wall Street Analyst Weigh In

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

BlackBerry Stock Performance

The business’s fifty day moving average is C$4.09 and its two-hundred day moving average is C$3.57. The stock has a market capitalization of C$3.44 billion, a PE ratio of -18.81, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. The company has a quick ratio of 1.49, a current ratio of 1.44 and a debt-to-equity ratio of 34.15.

Insiders Place Their Bets

In other BlackBerry news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$5.26, for a total transaction of C$29,248.42. 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.