BlackBerry (BB) Is a Buy After the Earnings

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The BB stock price fluctuated between $9.96 and $11.05 throughout the trading session with the volume trading being 40M shares, which represented a positive variation when compared to the three months average volume of 10M shares.

The share price of BlackBerry Limited (NYSE:BB) ran up 10.88% to close Friday’s market session at $10.6, higher as compared to yesterday’s close which brings the market valuation of the company to $6B.

The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -63.16% from that peak but still a 100.42% 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 33.26%.

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 10M, while in the last 10 days the average was 9.23M and last three months – 10.28M.

Growing short interest

The BlackBerry Limited’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 36.82M shares being shorted which translates into 3.98 of a short ratio for BB, while in the previous month the shorted shares were 36.26M.

BlackBerry Limited’s (NYSE:BB) financials

With a market cap of 6B, BlackBerry Limited holds a total cash of $707M that translates into $1.25 per share, while the total debt is of $861M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -32.40%. The current revenue is of $777M that is $1.37 per share.

This is a not so good sign for the future.