BlackBerry Limited (BB) Stock: Here’s What’s Happening

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BlackBerry Limited (BB) is working its way for to the top in the market in today’s trading session. The company, one that is focused in the technology space, is presently priced at $9.02 after a move down of -3.63% so far in today’s session. As it relates to technology stocks, there are several factors that have the ability to generate movement in the market. News is one of the most common reasons for movement. Here are the recent headlines centered around BB:

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Mar-24-19 09:01AM 3 Things to Watch in the Stock Market This Week
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

However, when making a decision with regard to investing, prospective investors should look into much more than news, especially in the ever changing technology space. Here’s what’s going on with BlackBerry Limited.

The Performance That We’ve Seen From BB

Although a single session decline, like the fall that we’re seeing from BlackBerry Limited may lead to fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It’s generally smart to take a look at trends for a period longer than a single trading day. In the case of BB, here are the returns that investors have seen:

  • Past 7 Days – Throughout the past five trading sessions, BB has seen a change in value in the amount of -4.25%.
  • Past Month – The monthly performance from BlackBerry Limited has been 7.77%.
  • Past Three Months – In the last quarter, the stock has generated a return that comes to 22.72%
  • Past Six Months – In the previous six months, investors have seen a performance of -11.66% from the company.
  • This Year So Far – Since the the last trading session of last year BB has resulted in a return of 26.86%.
  • Annually – Lastly, in the past full year, investors have seen performance that works out to -31.46% from BB. In this period of time, the stock has traded at a high of -31.66% and a low of 37.29%.

Key Ratios

Looking at various ratios associated with a company generally gives prospective investors an understanding of how risky and/or rewarding a stock pick might be. Below are some of the key ratios to consider when digging into BB.

Short Ratio – The short ratio is a tool that is used by investors to measure the amount of short interest. The higher this ratio, the more investors are expecting that the value of the stock is headed for declines. Throughout the sector, strong tech stocks tend to carry a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, in relation to BlackBerry Limited, the stock’s short ratio comes to 6.60.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure the company’s abilities to pay its debts when they come due based on quick assets or current assets. Because in tech, companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, some gems in the tech space come with good quick and current ratios. When it comes 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 current book value of assets owned by the company to the price of shares. as it relates to BlackBerry Limited, the book to share value ratio works out to 4.66.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of the company’s stock. In the case of BB, the cash to share value ratio works out to 4.08.

Is Big Money Interested in BlackBerry Limited?

One thing that I have come to understand in my brief period on Earth is that smart investors tend to follow big money investors. In general, investors that want to keep the risk down will follow trades made by institutional investors as well as those on the inside. So, is big money interested as it relates to BB? Here’s what’s going on:

  • Institutions – Currently, institutions own 56.60% of the company. However, it’s worth noting that the ownership held by institutions has changed in the amount of -0.03% in the last quarter.
  • Insider Moves – When it comes to insiders, those close to the company currently own 11.20% of the company. Insider ownership of the company has changed by 0 over the past quarter.

How Analysts Feel About BlackBerry Limited

Although it’s never a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their thoughts to validate your own before making investment decisions in the tech sector. Below are the recent moves that we’ve seen from analysts as it relates to BB.

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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

Financial Results And Expectations

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%.

How Many Shares Of BB Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 568.76M shares of BlackBerry Limited outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, BB has a float of 543.75M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to BB, the short percent of the float is 3.99%.

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