BlackBerry (BB)’s Fundamentals Keep on Improving


The BB stock price fluctuated between $9.29 and $9.75 throughout the trading session with the volume trading being 5M shares, which represented a negative variation when compared to the three months average volume of 9M shares.

The share price of BlackBerry Limited (NYSE:BB) ran up 2.56% to close Thursday’s market session at $9.6, higher as compared to yesterday’s close which brings the market valuation of the company to $5.44B.

The 52-week high for the BlackBerry Limited’s shares is $28.77. That puts it -66.63% from that peak but still a great gain since the share price dropped to a 52-week low of $4.44, while the S&P 500’s share price change was of 29%.

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 9M, while in the last 10 days the average was 7.89M and last three months – 9.36M.

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 5.44B, 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.