As of September 29th, there was short interest totalling 44,161,694 shares, an increase of 5.8% from the September 15th total of 41,732,966 shares. The stock had a trading volume of 3,804,662 shares. The stock kicked off the session at $11.32 and later approached $11.34 with a change of 0.62%. In looking the SMA 50 we see that the stock has seen a 20.40% while it has a distance of 28.69% from the 200 days simple moving average. Current trade price levels places BBRY's stock about -3.41% away from the 52-week high and closed 70.53% away from the 52-week low.
While considering EPS estimates of the company, it has next quarter growth estimates of 0.01 whereas during current year it has 0.06 estimations over growth, comparing to the estimations of 0.08 during next year. The high and low revenue estimates for the current quarter are $315 Million and $271.63 Million, respectively. BlackBerry Limited had a net margin of 49.62% and a return on equity of 2.70%. The firm's revenue for the quarter was down 32.4% on a year-over-year basis.
Analysts have given a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
BlackBerry Limited declared that its board has approved a share repurchase program on Friday, June 23rd that allows the company to buyback 31,000,000 shares. Investors often use this ratio to evaluate what a stock's fair market value should be by predicting future earnings per share.
ATR remains at 0.13 while Beta component of the stock stands at 1.04.
Several hedge funds have recently modified their holdings of the stock. For the quarter, shares have been noted at 13.38%. Dynamic Technology Lab Private Ltd boosted its stake in shares of BlackBerry Limited by 56.4% in the second quarter.
BlackBerry Limited (NASDAQ:BBRY) recorded a trading volume of 6.12 million shares, above its 90-day volume average of 5.75 million shares. 6470051 shares were traded on BlackBerry Limited's last session. Remember, just because a stock is cheap doesn't mean you should buy it. The quarterly performance for the stock is 14.55%, while the half-yearly performance is 47.27%.
BBRY has been the topic of several research reports. At the time of writing, the First Call consensus price target for the company is $10.25. Finally, Royal Bank Of Canada restated a "hold" rating and issued a $9.50 target price on shares of BlackBerry Limited in a research report on Thursday, June 15th. They now have a Dollars 10.5 price target on the stock.
09/22/2017 - BlackBerry Limited had its "underperform" rating reiterated by analysts at Bank of America Merrill Lynch. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Vetr's target price suggests a potential downside of 11.15% from the company's previous close. If you are reading this report on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law.
BlackBerry Limited (BBRY) is analyzed based on price earnings (P/E) ratio.
BlackBerry Limited (BlackBerry) provides mobile communications solutions.
BlackBerry has a cushion to support its turnaround efforts of moving from smartphone sales to enterprise software. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. Mutual Of America Capital Management Limited Co has 0.04% invested in Murphy USA Inc (NYSE:MUSA) for 29,008 shares.
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To do this, analysts often study the speed and magnitude of a stock's price movements with what are known as momentum indicators. A low ratio specifies that the company is possibly undervalued, while a higher than average P/S may suggest overvaluation.