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 today. The stock, one that is focused in the tech sector, is presently priced at $5.32 after gaining 5.14% so far today. As it relates to tech companies, there are several factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines 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, any time investors are making a decision to invest, investors should focus on much more than just news, this is especially the case in the ever changing tech industry. Here’s what’s going on with BlackBerry Limited.

What We’ve Seen From BB

While a single session gain, like the gain that we’re seeing from BlackBerry Limited may cause excitement in some investors, a single session gain alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is always smart to dig into trends experienced by the stock further out than a single trading day. As it relates to BB, below are the returns on investment that we’ve seen:

  • Past 5 Sessions – Throughout the past week, BB has produced a change in price that amounts to 3.10%.
  • Monthly – The return from BlackBerry Limited over the last month has been -28.21%.
  • Past Three Months – Throughout the last three months, the stock has produced a return that comes to -26.01%
  • Past Six Months – Throughout the past six months, investors have seen a change that works out to -42.61% from the stock.
  • Year To Date – Since the the first trading session of this year BB has generated a return of -25.18%.
  • Annually – Lastly, in the last year, we have seen a change of -42.49% out of BB. Throughout this period, the stock has traded at a high of -48.30% and a low price of 9.47%.

Key Ratios

Looking at various ratios associated with a stock can provide investors a view of just how risky and/or potentially profitable a pick may be. Below are a few of the most important ratios to consider when looking at BB.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors believe that the stock is going to tumble. Across the sector, strong tech stocks tend to have a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, in relation to BlackBerry Limited, the stock’s short ratio clocks in at 3.79.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure the company’s abilities to pay for its debts when they mature with only quick assets or current assets. Because in tech, many 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 damning. However, quite a few better companies in the tech space do have great quick and current ratios. In terms of BB, the quick and current ratios come to 0 and 2.30 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. In this particular case, that ratio is 4.64.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In terms of BB, the cash to share value ratio is 1.54.

What Are Big Money Players Doing With BlackBerry Limited

One thing that I have learned in my brief period alive, or somewhat alive has been that smart money tends to follow the moves made by big money. In other words, investors that are trying to keep the risk down will keep their eyes on trades made by institutional investors and insiders of the company. With that said, how does the big money flow when it comes to BB? Here’s the scoop:

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.

Analyst Opinions Of BlackBerry Limited

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their thoughts to validate your own due diligence before making investment decisions in the technology industry. Here are the most recent moves that we’ve 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

Earnings

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

  • Analyst Expectations – As it stands, analysts expect that BB will generate earnings per diluted share in the amount of 0.14, with 0.02 to be announced in the earnings announcement for the current quarter. Although this data isn’t earnings driven, since we are chatting on the topic of Wall St. analysts, BlackBerry Limited is currently graded as a 2.90 on a scale from 1 to 5 on which 1 is the worst possible Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last half decade, BlackBerry Limited has announced a change in revenue that works out to be -33.20%. Earnings per share over the last half decade have seen movement in the amount of 15.00%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often referred to as in the world of humans, the company has seen a change in earnings in the amount of -199.50%. BB has also experienced a change in terms of revenue in the amount of 16.20%.

Interested In How Many Shares 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 552.34M 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 541.83M.

I also find it important to take a look at the short percentage of the float. Think about it, when a large percentage of the float available for trading is shorted, the overall opinion in the market is that the stock is headed for a deep dive. As far as BB, the percentage of the float that is currently being sold short is 3.65%. Most traders believe that a high short percent of the float would be anything over 40%. Nonetheless, I have found that anything over 26% is usually a risky play.

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