BlackBerry (TSE:BB) Stock Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• BlackBerry shares rose 7.9%, trading as high as C$12.47 and moving above the 200-day moving average of C$11.27.
• Analysts maintain a “Moderate Buy” consensus, with a C$12.00 average price target; Stifel Nicolaus separately assigned a Buy rating and the same target.
• Recent results included C$0.10 in quarterly EPS and C$219.02 million in revenue, while insiders sold 87,761 shares worth approximately C$1.08 million over the past 90 days.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$11.27 and traded as high as C$12.47. BlackBerry shares last traded at C$12.45, with a volume of 4,292,599 shares traded.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 price target on shares of BlackBerry and gave the company a "buy" rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, BlackBerry presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.00.

BlackBerry Trading Up 7.9%

The company has a market cap of C$7.31 billion, a price-to-earnings ratio of 95.77, a PEG ratio of 0.06 and a beta of 0.97. The business's 50 day moving average price is C$11.69 and its 200-day moving average price is C$11.27. The company has a current ratio of 2.38, a quick ratio of 1.49 and a debt-to-equity ratio of 27.92.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last posted its earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. The company had revenue of C$219.02 million for the quarter. On average, equities analysts anticipate that BlackBerry Limited will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Jennifer Mary Armstrong-Owen sold 3,379 shares of the firm's stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$39,466.72. Following the transaction, the insider owned 113,904 shares in the company, valued at C$1,330,398.72. This trade represents a 2.88% decrease in their position. Also, insider Tim Foote sold 8,441 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$11.68, for a total transaction of C$98,590.88. Following the sale, the insider owned 71,616 shares in the company, valued at C$836,474.88. The trade was a 10.54% decrease in their ownership of the stock. Insiders have sold a total of 87,761 shares of company stock valued at $1,079,193 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

BlackBerry Company Profile

BlackBerry NYSE: BBTSX: BB provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

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