BlackBerry (TSE:BB) Hits New 1-Year High – Should You Buy?

BlackBerry Limited (TSE:BB) (NASDAQ:BBRY) shares hit a new 52-week high during mid-day 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.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded 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 quick ratio of 1.49 and a current ratio of 1.44. The firm has a fifty day simple moving average of C$4.09 and a 200 day simple moving average of C$3.57. The company has a market capitalization of C$3.44 billion, a PE ratio of -18.81, a P/E/G ratio of 0.06 and a beta of 1.07.

Insider Activity

In other BlackBerry news, Senior Officer Marjorie Jill Dickman sold 5,558 shares of the company’s stock in a transaction 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. Insiders own 1.70% of the company’s stock.

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.