BlackBerry Limited (BBRY) — Hot Trending Stock

Author

11 August, 2017

"Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

Several other hedge funds also recently bought and sold shares of the stock. World Asset Management Inc raised its stake in BlackBerry by 1.3% in the first quarter. Iridian Asset Management LLC CT now owns 26,338,893 shares of the company's stock valued at $204,126,000 after buying an additional 5,403,804 shares during the period. Comparatively, BlackBerry Limited posted earnings of $-0.04 per share in the same quarter past year.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Vanguard Group Inc. now owns 10,428,072 shares of the company's stock valued at $80,818,000 after buying an additional 493,101 shares during the period.

Seven Eight Capital Llc, which manages about $181.76 million and $497.92M US Long portfolio, upped its stake in Burlington Stores Inc (NYSE:BURL) by 7,800 shares to 11,200 shares, valued at $949,000 in 2016Q4, according to the filing. KS purchased a new stake in shares of BlackBerry Limited during the second quarter valued at $18,807,000. First Eagle Investment Management LLC raised its stake in BlackBerry Limited by 48.9% in the first quarter. Beck Mack & Oliver LLC now owns 1,844,300 shares of the company's stock valued at $18,425,000 after buying an additional 1,830,700 shares during the last quarter.

On the other hand the company has Relative Strength Index (RSI 14) of 27.61 along with Average True Range (ATR 14) of 0.22, Consequently Blackberry Limited (NASDAQ:BBRY)'s weekly and monthly volatility is 2.13%, 2.17% respectively. BlackBerry Ltd has a 52 week low of $6.65 and a 52 week high of $11.74. Shares of the company are trading at $9.11 which is slightly below the 50 day moving average which is $10.09 and a tad above the 200 day moving average of $8.79.

BlackBerry Limited (BBRY) stock price rose 21.08 percent over the past one year, while increased 34.57 percent during the past 6 months.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.01, according to consensus of 13 analysts. For the current year the company's revenue estimates are $918.24 Million compared to low analyst estimates of $868 Million and high estimates of $961 Million according to 16 number of analysts. The Return on Investment (ROI) ratio of BlackBerry Limited (BBRY) is -44.5 percent. The firm's quarterly revenue was down 42.5% compared to the same quarter past year. They expect $-0.01 EPS, up 66.67% or $0.02 from last year's $-0.03 per share. The average revenue per share growth rate of BlackBerry Limited during the past 12 months was -35.5 percent. This was evident in the recent market crash when the stocks of all Reliance companies fell sharply. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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Blackberry Limited (NASDAQ:BBRY) shares traded -0.77% down during most recent session to reach at the closing price of $9.03. Raymond James Financial, Inc. cut shares of BlackBerry Limited from an "outperform" rating to a "market perform" rating and increased their price target for the company from $9.50 to $11.00 in a research report on Monday, May 29th. Royal Bank Of Canada set a $10.00 price target on BlackBerry and gave the stock a "hold" rating in a research note on Wednesday.

In terms of Buy, Sell or Hold recommendations, Blackberry Limited (NASDAQ:BBRY) has analysts' mean recommendation of 2.9. William Blair restated a "market perform" rating on shares of BlackBerry in a report on Tuesday, July 4th.

Blackberry Limited (NASDAQ:BBRY)'s revenue estimates for the current quarter are $221.08 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $231.87 Million in contradiction of low revenue estimates of $207.3 Million. The Company is engaged in the sale of enterprise software and services.


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