BlackBerry (TSE:BB) Hits New 52-Week High – Should You Buy?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$18.45 and last traded at C$16.35, with a volume of 5983076 shares. The stock had previously closed at C$17.91.

Analysts Set New Price Targets

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

BlackBerry Price Performance

The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45. The stock has a market cap of C$9.59 billion, a PE ratio of 163.70, a PEG ratio of 0.06 and a beta of 1.19. The business has a 50-day moving average price of C$11.44 and a 200 day moving average price of C$7.32.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Thursday, June 25th. The company reported C$0.06 earnings per share for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.The company had revenue of C$210.94 million during the quarter. As a group, research analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current fiscal year.

About BlackBerry

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.