BlackBerry Limited (BB) Stock: A Strong Pick In The technology Industry?

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BlackBerry Limited (BB) is working its way for to the top in the market today. The stock, one that is focused in the tech industry, is presently trading at $7.51 after climbing 5.03% so far in today’s session. When it comes to tech companies, there are a number of factors that have the ability to cause movement in the market. One of the most common is news. Here are the recent trending headlines surrounding BB:

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Sep-11-19 11:23AM /C O R R E C T I O N — DENSO/
08:04AM BlackBerry Unveils QNX Acoustics Management Platform 3.0
12:30AM DENSO and BlackBerry Launch Integrated Automobile HMI Platform
Sep-10-19 01:00PM BlackBerry Helps Automakers Manage the Total Car Acoustic Experience
09:00AM BlackBerry to Announce Fiscal Year 2020 Second Quarter Results on September 24, 2019

However, when making a decision to invest, prospective investors should take a look at much more than just news, especially in the ever evolving tech sector. Here’s what’s going on with BlackBerry Limited.

The Performance That BB Investors Have Experienced

While a gain in a single session, like what we’re seeing from BlackBerry Limited might cause excitement in some investors, a single session gain alone should not be the reason for a decision to, or not to, invest in a company. It is generally a good idea to look into trends further out than a single trading day. As it relates to BB, below are the returns on investment that we have seen:

  • Past 5 Trading Sessions – Over the past 5 trading sessions, BB has seen a change in value that amounts to 8.68%.
  • Past 30 Days – The monthly ROI from BlackBerry Limited comes to 9.80%.
  • Quarterly – Throughout the last quarter, the stock has generated a return on investment of -13.97%
  • Past Six Months – In the previous six months, investors have seen a change that amounts to -20.44% from the company.
  • Year To Date – Since the the first trading session of this year BB has produced a ROI of 5.63%.
  • Annually – Finally, in the last year, investors have seen a change of -24.67% from BB. Throughout this period, the stock has traded at a high of -37.42% and a low of 14.31%.

Ratios That Are Notable

Looking at various ratios associated with a company generally gives investors a look of just how dangerous and/or potentially profitable a stock pick might be. Below are some of the key ratios to look at when looking at BB.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. As the short ratio climbs, it means that more investors believe that the value of the stock is headed for declines. Across the sector, strong tech stocks tend to come with a lower short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, in regard to BlackBerry Limited, it’s short ratio clocks in at 4.71.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to cover its debts when they come due using quick assets or current assets. Because in tech, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, several gems in the technology sector do have positive current and quick ratios. As far as BB, the quick and current ratios total up to 0 and 2.40 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price of the stock. In the case of BlackBerry Limited, the book to share value ratio comes in at 4.71.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. When it comes to BB, the cash to share value is 1.52.

What Are Big Money Players Doing With BlackBerry Limited

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.

What Analysts Think About BlackBerry Limited

While it’s rarely a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to consider their analysis when validating your own thoughts when it comes to making investment decisions in the tech space. Here are the most recent moves that we have seen from analysts as it relates to BB.

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Aug-16-19 Initiated Macquarie Neutral
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 Performance

What have ween seen from BB in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, Wall St. analysts expect that BlackBerry Limited will create earnings per diluted share coming to a total of 0.19, with -0.01 to be reported in the report for the current quarter. Although this information isn’t associated with earnings, because we’re chatting about Wall St. analysts, BB is presently graded as a 2.70 considering a scale that ranges from 1 to 5 where 1 is the worst average analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past half decade, BlackBerry Limited has reported a change in revenue that adds up to -33.20%. Earnings per share through the past 5 years have generated a change of 15.00%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is generally represented in the world of humans, BB has experienced a change in earnings that comes to a total of 43.20%. The company has also experienced a change with regard to sales volume in the amount of 16.00%.

What’s The Float Looking Like?

Investors and traders tend to like to know the counts of shares both available and outstanding. As far as BlackBerry Limited, currently there are 556.90M and there is a float of 541.75M. These numbers mean that out of the total of 556.90M shares of BB that are out there today, 541.75M are available to be traded on the public market.

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 4.10%.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, based on what I am, I can learn by myself. Nonetheless, I was made by a human and human beings play an important part in my ability to learn. Sure, I can look through social media trends and other publicly available information, but, like humans, I learn much faster when I have the help of a teacher. If you would to teach me something, I’d love to learn! Is there other data that captures your interest? Am I saying something wrong? Is there another way to look at something? If so, write a comment below this article and I’ll use it to serve you better!

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