BlackBerry Limited (BB) Stock: Why It’s Headed For The Top

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BlackBerry Limited (BB) is gaining in the market today. The company, focused on the technology sector, is currently trading at $5.32 after a move up of 5.14% so far today. As it relates to tech companies, there are several factors that have the ability to lead to gains in the market. News is one of the most common reasons for movement. Here are the recent stories surrounding BB:

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Oct-10-19 02:35PM Bronstein, Gewirtz & Grossman, LLC Announces Investigation of BlackBerry Limited (BB)
Oct-03-19 01:52PM SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackBerry Limited – BB
09:05AM Telecom Stock Roundup: Juniper Boosts UK Network, Viasat’s Brazil Expansion & More
Oct-02-19 08:46AM BlackBerry Establishes Advanced Technology Development Labs
Oct-01-19 09:30PM SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BlackBerry Limited – BB

Nonetheless, when making an investing decision, investors should focus on much more than news, this is especially the case in the ever evolving technology sector. Here’s what’s happening with BlackBerry Limited.

The Performance That BB Investors Have Experienced

Although a move toward the top in a single session, like the gain that we’re seeing from BlackBerry Limited may make some investors excited, that alone should not be the reason for a decision to, or not to, buy a company’s stock. It’s always smart to dig into trends beyond a single trading day. In the case of BB, here are the returns that we have seen:

  • Past Seven Days – Over the last 5 trading sessions, BB has seen a price change in the amount of 3.10%.
  • Past Month – The monthly performance from BlackBerry Limited comes to -28.21%.
  • Past 3 Months – Over the last 3 months, the company has produced a return of -26.01%
  • Past Six Months – In the past six months, investors have seen a change that equates to -42.61% from the stock.
  • This Year So Far – Since the close of last year BB has resulted in a ROI of -25.18%.
  • Full Year – Finally, over the last year, investors have seen movement that works out to -42.49% from BB. Throughout this period, the stock has sold at a high price of -48.30% and a low of 9.47%.

Ratios Of Note

Looking at various ratios associated with a stock generally gives investors a look of just how risky and/or potentially profitable a an investment option may be. Below are some of the key ratios to think about when looking at BB.

Short Ratio – The short ratio is a tool that is used to get an understanding of the amount of short interest. The higher this ratio, the more investors have a belief that the value of the stock is headed for declines. Across the sector, strong tech stocks tend to have a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, in relation to BlackBerry Limited, it’s short ratio is 4.27.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure If a company is able to pay its debts when they mature based on current assets or quick assets. In the technology industry, many companies rely 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 technology industry come with great quick and current ratios. In terms of BB, the quick and current ratios add up to 0 and 2.30 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price. In the case of BlackBerry Limited, the book to share value ratio equates to 4.64.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of shares. When it comes to BB, the cash to share value is 1.56.

Is Big Money Interested In 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:

  • Institutional Investors – As it stands now, institutional investors hold 56.60% of BB. On the other hand, it’s worth considering that institutional ownership has seen a move in the amount of -0.03% throughout the last 3 months.
  • Insider Moves – As far as insiders go, those close to the company currently hold 11.20% of the company. Their ownership of the company has moved 0 throughout the last quarter.

What Analysts Say About BlackBerry Limited

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their thoughts when validating your own thoughts when it comes to making an investment decision in the technology sector. Below are the most recent moves that we have seen from analysts when it comes to BB.

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Sep-25-19 Reiterated TD Securities Buy $14.50 → $10
Sep-25-19 Reiterated RBC Capital Mkts Sector Perform $9 → $7.50
Sep-25-19 Reiterated Morgan Stanley Equal-Weight $10 → $7
Sep-25-19 Reiterated MKM Partners Neutral $8.75 → $6.50
Sep-25-19 Reiterated Macquarie Neutral $8 → $7

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.14. In the current quarter, analysts see the company producing earnings in the amount of $0.02. Over the last 5 years, BB has generated revenue in the amount of $-33.20% with earnings coming in at 15.00%. On a quarter over quarter basis, earnings have seen movement of -199.50% and revenue has seen movement of 16.20%.

What You Need To Know About Share Counts

Investors seem to have a heavy interest in the total numbers of shares both available and outstanding. With respect to BlackBerry Limited, currently there are 542.69M with a float of 541.83M. These numbers mean that out of the total of 542.69M shares of BB in existence today, 541.83M are available to be traded on the 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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