Over the past few days, BlackBerry (BB) stocks have seen extreme volatility. Prices climbed from a close of US$7.44 on January 13, to a close of US$25.10 on January 27. They then dropped back down to US$14.65 on January 28. The major fluctuations are all down to the buying power of small investors, who organised themselves on Reddit forum, wallstreetbets.
The users saw hedge funds had shorted GameStop (GME) and decided to take action, buying shares en masse and driving prices up.The tactic was hugely successful and the forum soon started applying this to other shorted companies, including BlackBerry (BB). While the shares initially climbed, trading platforms took notice of the unprecedented activity and quickly restricted trading. Prices plummeted again.
Since the stock market crash that started in February 2020, BlackBerry's share price has had significant positive movement.
Its last market close was $13.86, which is 56.64% up on its pre-crash value of $6.01 and 413.33% up on the lowest point reached during the March 2020 crash when the shares fell as low as $2.7.
If you had bought $1,000 worth of BlackBerry shares at the start of February 2020, those shares would have been worth $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 $2,231.88.
|52-week range||$4.37 - $28.77|
|50-day moving average||$9.9249|
|200-day moving average||$9.8828|
|Wall St. target price||$7.75|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.035|
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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.
|1 week (2021-06-09)||-15.04%|
|1 month (2021-05-14)||52.61%|
|3 months (2021-03-16)||12.39%|
|6 months (2020-12-16)||56.31%|
|1 year (2020-06-16)||146.74%|
|2 years (2019-06-14)||50.64%|
|3 years (2018-06-15)||4.63%|
|5 years (2016-06-16)||86.40%|
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.
BlackBerry's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $102 million.
The EBITDA is a measure of a BlackBerry's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$893 million|
|Gross profit TTM||$643 million|
|Return on assets TTM||-1.79%|
|Return on equity TTM||-54.75%|
|Market capitalisation||$7.9 billion|
TTM: trailing 12 months
There are currently 47.0 million BlackBerry shares held short by investors – that's known as the "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) 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 0.0941% of the tradable shares (for every 100,000 tradable BlackBerry shares, roughly 94 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.
Find out more about how you can short BlackBerry stock.
We're not expecting BlackBerry to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
BlackBerry's shares were split on a 3:1 basis on 21 August 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your BlackBerry shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for BlackBerry shares which in turn could have impacted BlackBerry's share price.
Over the last 12 months, BlackBerry's shares have ranged in value from as little as $4.37 up to $28.77. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while BlackBerry's is 1.0066. This would suggest that BlackBerry's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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