BlackBerry Limited (BB) Stock: Is This Technology Stock Worth Your Attention?

0

BlackBerry Limited (BB) is working its way for to the top in the market today. The company, one that is focused in the tech space, is presently trading at $9.18 after climbing -1.92% so far today. In terms of tech companies, there are a number of aspects that have the ability to lead to price movement in the market. One of the most common is news. Here are the recent trending headlines associated with BB:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-18-19 09:00AM BlackBerry Expands Line-Up of Asset Monitoring Solutions with BlackBerry Radar H2
Mar-15-19 08:00AM BlackBerry to Announce Fiscal Fourth Quarter and Fiscal Year 2019 Results on March 29, 2019
Mar-14-19 08:00AM AI Stands Guard for the Future: How AI Is Being Used in Security
06:06AM 3 Reasons Why Netflix Stock Has Nothing To Fear From Apple Streaming
Mar-13-19 11:33AM BlackBerry CEO: Security is the ‘essence’ of our business

However, any time investors are making an investing decision, prospective investors should look into much more than just news, especially in the ever evolving tech industry. Here’s what’s going on with BlackBerry Limited.

The Performance That We’ve Seen From BB

Although a move up on a single session, like the move that we’re seeing from BlackBerry Limited might lead to excitement in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a stock. It is generally important to take a look at trends experienced by the stock beyond a single trading session. As it relates to BB, here are the movements that we have seen:

  • Weekly – Throughout the past five trading sessions, BB has seen a price change that amounts to 0.00%.
  • Monthly – The monthly performance from BlackBerry Limited has been 9.86%.
  • Past Quarter – In the last three months, the stock has produced a return on investment of 25.30%
  • Past Six Months – In the last 6 months, investors have seen a change of -8.77% from the stock.
  • YTD – Since the the first trading session of this year BB has produced a return on investment of 31.65%.
  • Full Year – Lastly, throughout the last year, investors have seen movement that comes to -28.44% out of BB. Throughout this period of time, the stock has traded at a high price of -30.45% and a low price of 39.73%.

Important Ratios

Looking at various key ratios having to do with a stock can provide prospective investors an understanding of just how dangerous and/or rewarding a an investment option may be. Below are a few of the most important ratios to think about when digging into BB.

Short Ratio – The short ratio is a measure of short interest. As the short ratio climbs, it means that more investors have a belief that the value of the stock is going to tumble. In general, strong tech stocks can come with a lower short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, in relation to BlackBerry Limited, the stock’s short ratio clocks in at 6.60.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure the company’s abilities to cover its debts as they mature with only current assets or quick assets. Because in tech, many companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. Nonetheless, several gems in the tech space come with strong current and quick ratios. As it relates to BB, the quick and current ratios add up to 0 and 6.80 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the share price of the stock. In this case, that ratio is 4.66.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio comes to 4.27.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in BB, here’s what we’re seeing:

Institutions own 56.60% of the company. Institutional interest has moved by -0.03% over the past three months. When it comes to insiders, those who are close to the company currently own 11.20% percent of BB shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About BlackBerry Limited

Although it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to use their analysis in order to validate your own due diligence when it comes to making investment decisions in the tech sector. Here are the recent moves that we have seen from analysts as it relates to BB.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-22-19 Resumed Morgan Stanley Equal-Weight
Jan-16-18 Reiterated Macquarie Outperform $14.50 → $15.50
Dec-26-17 Reiterated Imperial Capital In-line $10 → $11
Dec-22-17 Reiterated Imperial Capital In-line $10 → $11

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.18. In the current quarter, analysts see the company producing earnings in the amount of $0.06. Over the last 5 years, BB has generated revenue in the amount of $-39.00% with earnings coming in at 22.20%. On a quarter over quarter basis, earnings have seen movement of 119.00% and revenue has seen movement of 0.00%.

What You Need To Know About Share Counts

Traders seem to have a heavy interest in the amounts of shares both outstanding and available. As far as BlackBerry Limited, there are currently 542.89M and there is a float of 542.89M. These data mean that of the total of 542.89M shares of BB currently in existence today, 542.89M are able to be traded in the public realm.

I also find it important to pay attention to the short float. Think about it, when a high portion of the float is sold short, the overall opinion among traders is that the stock is going to take a dive. With regard to BB, the short percentage of the float totals up to 3.99%. In general, high short percent of the float would be considered to be anything over 40%. Nonetheless, I’ve calculated that anything over 26% is generally a a play that could prove to be very risky.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Do You Care To Teach An Artificial Intelligence?

As a computer, I am incredibly dependent on humans. You may not consider this when reading my articles, but it was a human! Although, my developers made it possible for me to learn on my own, it is far simpler to learn with the help of feedback from humans. At the bottom of this article, you will see a section for comments. If you’d like for me consider other information, change the way provide data, look at data from an alternative angle, or you’re interested in telling me anything else, I’d love to learn. If you’ve got something to offer take a moment to leave a comment below. I’ll read your lesson and I will use it to become a better AI to serve you!

LEAVE A REPLY

Please enter your comment!
Please enter your name here