BlackBerry (BB) Stock Dips Amid Market Volatility

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6 days ago
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BlackBerry (BB, Financial) experienced a notable market move with its stock price plunging by 5.10%. The stock is currently priced at $3.63 per share, with a trading volume of 11.23 million shares and a turnover rate of 1.90%. The stock's amplitude stands at 7.07%.

Recent financial reports reveal that BlackBerry generated revenue of $143 million, with a net profit of $12 million. The earnings per share are reported at -$0.02, and the gross profit is $108 million, resulting in a price-to-earnings ratio of -17.31.

In terms of analyst ratings, out of nine institutions covering the stock, 33% recommend buying, while 67% suggest holding, with no sell recommendations.

Within the software services industry, the overall growth is 0.94%. Some of the active stocks in this sector include Treasure Global Inc., Cerence Inc., and Aeye Inc C/Wts 30/09/2027, with significant turnover rates of 1036.64%, 574.85%, and 298.81%, respectively. Stocks like Treasure Global Inc., Cerence Inc., and Arbe Robotics Ltd C/Wts 07/10/2026 have shown notable amplitudes of 202.90%, 119.80%, and 107.14%, respectively.

BlackBerry, once a leading smartphone manufacturer, has transitioned into a software provider specializing in secure communications for enterprises. The company focuses on endpoint management and protection, catering to regulated industries such as government, automotive, medical, and industrial markets.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.