BlackBerry (TSE:BB) Reaches New 12-Month High – What’s Next?

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

Analysts Set New Price Targets

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

BlackBerry Price Performance

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$3.37 billion, a P/E ratio of -18.42, a PEG ratio of 0.06 and a beta of 1.07. The company’s 50-day moving average is C$4.19 and its two-hundred day moving average is C$3.60.

Insider Transactions at BlackBerry

In other BlackBerry news, Senior Officer Marjorie Jill Dickman sold 5,737 shares of BlackBerry stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$5.76, for a total value of C$33,045.12. 1.70% of the stock is currently owned by insiders.

About BlackBerry

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.