Technology

BlackBerry Ltd (NASDAQ:BBRY) Remained Bullish In Last Trading Session

BlackBerry Ltd (NASDAQ:BBRY) shares traded 2.31% during the most recent session the stock exchanged hands 11,211,900 shares versus average trading capacity of 6.45M shares, yielding a market cap of $5.05B. Wall Street analysts covering the stock are projecting that the stock will reach $8.73 within the next 52-weeks. The mean target projections are based on 17 opinions, the mean target was last revised on 04/12/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have BlackBerry Ltd (NASDAQ:BBRY) high price target of $10.50 and with a conservative view have low price target of $7.00 with a standard deviation of $1.39.

BlackBerry Ltd (NASDAQ:BBRY) received “Upgrade” rating by CIBC in a research note issued to investors on Apr-12-17 from Sector Underperform to Sector Perform.

Additionally on Apr-03-17 BlackBerry Ltd (NASDAQ:BBRY) was “Upgraded” by Macquarie from Neutral to Outperform and on Dec-22-16 the stock was “Reiterated” by Imperial Capital as In-line from $8.50 to $8.25. Furthermore on Sep-30-16 the stock was “Reiterated” by Imperial Capital as In-line from $7 to $8.50.

On the other hand the company has Relative Strength Index (RSI 14) of 76.52 along with Average True Range (ATR 14) of 0.28, Consequently BlackBerry Ltd (NASDAQ:BBRY)’s weekly and monthly volatility is 2.22%, 2.94% respectively. The company’s beta value is at 1.02.

In terms of Buy, Sell or Hold recommendations, BlackBerry Ltd (NASDAQ:BBRY) has an analyst’s mean recommendation of 3.00. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Previously BlackBerry Ltd (NASDAQ:BBRY) reported -$0.01 earnings per share (EPS) for the quarter on 3/31/2017 Before Market Open, beating the consensus estimate of -$0.04 by $0.03. The company posted an earnings surprise of 75.00%.

Past 5 years growth of BlackBerry Ltd (NASDAQ:BBRY) observed at -2.08%, looking forward for the next 5 years it has a strong prediction of 10.14% over growth.

BlackBerry Ltd (NASDAQ:BBRY)’s revenue estimates for the current quarter are $264.51M according to 12 number of analysts, for the current quarter the company has high revenue estimates of $298M in contradiction of low revenue estimates of $245.8M. For the current year the company’s revenue estimates are $988.5M compared to low analyst estimates of $891.19M and high estimates of $1.15B according 15 number of analysts.

Currently BlackBerry Ltd (NASDAQ:BBRY)’s shares owned by insiders are 11.20%, whereas shares owned by institutional owners are 56.60%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded -0.03%.

BlackBerry Ltd (NASDAQ:BBRY) hit its 52-week high on 04/24/17, and 52-week low on 06/27/16. The company’s trailing twelve month income is -1206.00M dollars.

BlackBerry Ltd (NASDAQ:BBRY)’s trailing twelve month revenues are $1.31B, whereas its price to sales ratio for the same period is 3.76. Its book value per share for the most recent quarter is $3.88 while its price to book ratio for the same period is 2.39, as for as the company’s cash per share for the most recent quarter is $2.60, however its price to cash per share ratio for the same period is 3.57. The stock has a current PEG ratio of 43.05 where as its trailing twelve month P/E ratio is -4.04.

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