Blackberry’s (BB) Stock With an Underperform Rating

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The BB stock price fluctuated between $10.3 and $10.7 throughout the trading session with the volume trading being 8M shares, which represented a negative variation when compared to the three months average volume of 43M shares.

The share price of BlackBerry Limited (NYSE:BB) dipped -3.9% to close Friday’s market session at $10.35, lower as compared to yesterday’s close which brings the market valuation of the company to $5.86B.

The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -64.03% from that peak but still a great gain since the share price dropped to a 52-week low of $4.37, while the S&P 500’s share price change was of 35.10%.

What does the trading volume tell us about the BB stock?

During the last trading session, BlackBerry Limited (NYSE:BB) has seen growth in its daily volume. The daily volume was of 43M, while in the last 10 days the average was 8.79M and last three months – 42.56M.
The increasing interest in the BB stock from the investors is helping to drive the stock price up.

Shrinking short interest

The BlackBerry Limited’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 46.97M shares being shorted which translates into 3.3 of a short ratio for BB, while in the previous month the shorted shares were 48.48M.

BlackBerry Limited (NYSE:BB) financials

With a market cap of 5.86B, BlackBerry Limited holds a total cash of $739M that translates into $1.31 per share, while the total debt is of $843M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -25.50%. The current revenue is of $893M that is $1.59 per share.
This is a not so good sign for the future.