BlackBerry (BB) shares jumped 33% Wednesday, Jan. 27, as news reports linked the move to a targeted push on the same Reddit chatroom that has been the site of an organized effort to push up GameStop shares.
Shares of GameStop and some other heavily shorted stocks have skyrocketed after users of a Reddit board called wallstreetbets began hyping them in an effort to spike the prices. This is a move that causes a lot of volatility for these stocks, so it’s important to note that the prices may continue to rise or may suddenly fall sharply. Casual investors should steer clear or be prepared to keep a close eye on any positions they take.
BlackBerry Limited (BB) is a leading software-infrastructure business based in the US. It opened the day at USD$13.54 after a previous close of USD$13.51. During the day the price has varied from a low of USD$12.62 to a high of USD$13.87. The latest price was USD$12.9 (25 minute delay). BlackBerry is listed on the NYSE and employs 3,497 staff. All prices are listed in US Dollars.
How to buy shares in BlackBerry from Ireland
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Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
Search for BlackBerry Find the stock by name or ticker symbol: BB. Research its history to confirm it's a solid investment against your financial goals.
Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until BlackBerry reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
Decide on how many to buy. At last close price of USD$13.86, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of BlackBerry, depending on your broker.
Check in on your investment. Congratulations, you own a part of BlackBerry. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
How has coronavirus impacted BlackBerry's share price?
Since the stock market crash in March caused by coronavirus, BlackBerry's share price has had significant positive movement.
Its last market close was USD$13.86, which is 56.64% up on its pre-crash value of USD$6.01 and 413.33% up on the lowest point reached during the March crash when the shares fell as low as USD$2.7.
If you had bought USD$1,000 worth of BlackBerry shares at the start of February 2020, those shares would have been worth USD$553.94 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$2,231.88.
BlackBerry share price
Use our graph to track the performance of BB stocks over time.
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Is it a good time to buy BlackBerry stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
BlackBerry price performance over time
Historical closes compared with the last close of $12.9
1 week (2021-06-09)
1 month (2021-05-20)
3 months (2021-03-19)
6 months (2020-12-18)
1 year (2020-06-19)
2 years (2019-06-20)
3 years (2018-06-20)
5 years (2016-06-20)
Is BlackBerry under- or over-valued?
Valuing BlackBerry stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of BlackBerry's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
BlackBerry's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$102 million.
The EBITDA is a measure of a BlackBerry's overall financial performance and is widely used to measure a its profitability.
Gross profit TTM
Return on assets TTM
Return on equity TTM
TTM: trailing 12 months
Shorting BlackBerry shares
There are currently 47.0 million BlackBerry shares held short by investors – that's known as BlackBerry's "short interest". This figure is 3.1% down from 48.5 million last month.
There are a few different ways that this level of interest in shorting BlackBerry shares can be evaluated.
BlackBerry's "short interest ratio" (SIR)
BlackBerry's "short interest ratio" (SIR) is the quantity of BlackBerry shares currently shorted divided by the average quantity of BlackBerry shares traded daily (recently around 14.2 million). BlackBerry's SIR currently stands at 3.3. In other words for every 100,000 BlackBerry shares traded daily on the market, roughly 3300 shares are currently held short.
However BlackBerry's short interest can also be evaluated against the total number of BlackBerry shares, or, against the total number of tradable BlackBerry shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case BlackBerry's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 BlackBerry shares in existence, roughly 80 shares are currently held short) or 0.0919% of the tradable shares (for every 100,000 tradable BlackBerry shares, roughly 92 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against BlackBerry.
Frequently asked questions
Currently 1.477% of BlackBerry shares are held by insiders and 42.251% by institutions.
Latest data suggests 3,497 work at BlackBerry.
BlackBerry's fiscal year ends in February.
BlackBerry's address is: 2200 University Avenue East, Waterloo, ON, Canada, N2K 0A7
BlackBerry's international securities identification number is: CA09228F1036
BlackBerry's Committee on Uniform Securities Identification Procedures number is: 058925108
Soujanya Datta works for the International Investments team at Finder, helping users to get better with trading and investment literacy. She was part of the core finance and FinTech team for Finder's ROW markets previously. Before joining Finder, she worked as a quantitative researcher for companies like PayPal and Kepler Analytics. She holds a double master's degree in Quantitative Research and Marketing from Macquarie University, Sydney. Outside of work, you will find her searching for the best brunch spots in Sydney.
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