Is BlackBerry Limited (BB) Good For Your Portfolio?

BlackBerry Limited (NYSE: BB) saw a downside of -5.73% on Monday, September 20 at $9.45 after subtracting -$0.58. The 5-day average trading volume is 6,993,928 shares of the company’s common stock. It has gained $10.49 in the past week and touched a new high 1 time within the past 5 days. An average of 10,110,892 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,718,383.

BB’s 1-month performance is -0.50% or -$0.15 on its low of $9.45 reached on 09/20/21. The company’s shares have touched a 52-week low of $4.37 and high of $28.77, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, BB has achieved 51.28% or $2.85 and has reached a new high 12 times. However, the current price is down -67.14%% from the 52-week high price.


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Insider Transactions

On Jul 23, 41 days have gone by since the last insider trading activity for BlackBerry Limited (BB). Eacobacci Thomas (President and COO, BlackBerry) most recently sold 109,994 shares at $10.06 per share on Jul 23. This transaction cost the insider $1,106,540. Chief Gv Aff & Pub Pol Officer, Dickman Marjorie, sold 16,304 shares at a price of $8.73 on Apr 02. Then, on Apr 01, Chief Financial Officer Rai Steve sold 1,159 shares at a price of $8.68 per share. This transaction amounted to $10,060.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 56.95 and a low of 10.86.BB stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.67 while the price-to-book (PB) in the most recent quarter is 3.90, with the price to cash flow ratio at 80.84.

Financial Health

BlackBerry Limited’s quick ratio for the period ended May 30 was 2.40, with the current ratio over the same period at 2.40 meaning that BB stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.49, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 71.30%The trailing 12-month EBITDA margin is 5.49% while for the period ending May 30; BlackBerry Limited’s operating margin was -60.40%. The firm’s gross profit as reported stood at $643.0 million against revenue of $893.0 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. BlackBerry Limited’s return on assets over the past 12 months stands at -18.30%. Return on investment over the past year is -49.40%, while its return on equity (ROE) trailing 12 months is -31.80%. In comparison, the average ROE for the broader industry over the past year is 4.61.

Earnings Surprise

For the quarterly period ending May 30 this year, BlackBerry Limited’s cash and short-term investments amounted to $364.0 million against total debt of $831.0 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -18.39% to $174.0 million, while revenue of $210.0 million was -20.69% off the previous quarter. Analysts expected BB to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.05, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$9.0 million. BB stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 1.26 billion, with total debt at $831.0 million. Shareholders hold equity totaling $566.41 million

Technical Picture

Let’s look briefly at BlackBerry Limited (BB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 17 September was 29.51% to suggest the stock is trending oversold, with historical volatility in this time period at 42.20%.

The stock’s 5-day moving average is $9.97, reflecting a -9.48% or -$0.99 change from its current price. BB is currently trading -1.58% above its 20-day SMA, +1.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -19.61% and +27.21% respectively.

Stochastic %K and %D was 6.51% and 8.57% and the average true range (ATR) pointed at 0.48. The RSI (14) points at 36.48%, while the 14-day stochastic is at 1.07% with the period’s ATR at 0.51. The stock’s 9-day MACD Oscillator is pointing at -0.32 and -0.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for BlackBerry Limited (NYSE: BB), Canaccord Genuity upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for BB stock have a consensus rating for the stock as Underweight. Currently, 5 brokerage advisors rate BB as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is BB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.50 and a high of $20.00, with their median price target at $8.50. Looking at these predictions, the average price target given by analysts is for BlackBerry Limited (BB) stock is $9.86.

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