BlackBerry (BB) Falls in July But Continues With Massive Potential For 2022

The BB stock price fluctuated between $9.87 and $10.18 throughout the trading session with the volume trading being 6M shares, which represented a negative variation when compared to the three months average volume of 41M shares.

The share price of BlackBerry Limited (NYSE:BB) ran up 0.69% to close Tuesday’s market session at $10.17, higher as compared to yesterday’s close which brings the market valuation of the company to $5.76B.

The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -64.65% from that peak but still a fantastic 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 34.10%.

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

During the last trading session, BlackBerry Limited (NYSE:BB) has seen decay in its daily volume. The daily volume was of 41M, while in the last 10 days the average was 9.32M and last three months – 42M.

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’s (NYSE:BB) financials

With a market cap of 5.76B, 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, but BB still has a great potential.