BlackBerry Limited (BBRY) hit his 1-Year Low price on 03/09/17

Lloyd Doyle
September 23, 2017

BlackBerry Limited (NASDAQ:BBRY) last traded at $9.27 having a low of $9.12 and high of $9.63.

Analysts are speculating a 19.67% move, based on the high target price ($11.5) for the shares that is set to reach in the next 12 months.

A number of other large investors have also recently added to or reduced their stakes in the business. American Asset Management Inc. bought a new position in BlackBerry Limited in the second quarter worth approximately $123,000. Creative Planning increased its position in shares of BlackBerry Limited by 18.6% in the 2nd quarter. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. First Trust Advisors LP now owns 126,287 shares of the company's stock worth $979,000 after acquiring an additional 8,947 shares during the last quarter. RBC Capital Markets maintained the stock with "Sector Perform" rating in Wednesday, June 21 report. The company was maintained on Monday, August 7 by Goldman Sachs. DE now owns 4,526,260 shares of the company's stock worth $35,079,000 after purchasing an additional 170,450 shares during the last quarter. About 16.11M shares traded or 403.44% up from the average.

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BlackBerry Limited (BBRY) now the company's industry has 12.25 P/E and the sector P/E is 16.33.

Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future. Over the past month the firm's stock is 9.33%, -13.11% for the last quarter, 35.16% for the past six-months and 23.68% for the previous year. The rating was maintained by TD Securities with "Buy" on Monday, June 26. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. The analysts, on average, are forecasting a $9.88 price target, but the stock is already up 44.51% from its recent lows. BlackBerry Limited also saw unusually large options trading activity on Wednesday.

The stock is trading at $9.27 which is slightly above $9.05, the 50 day moving average and slightly over the 200 day moving average of $9.24. The market capitalization of the company is at $5.11 Billion. Through this figure traders can analyze that SWKS show whether or not a stock now most active and standing in buying side or sell side. A rating of 4 or 5 would represent a Sell recommendation.

Let's have a look at some of the important valuation ratios of the BlackBerry Limited (BBRY). The company reported $0.02 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.02. The company had revenue of $244.00 million for the quarter, compared to analysts' expectations of $262.80 million. BlackBerry Limited has a 1-year low of $6.65 and a 1-year high of $11.74. BlackBerry Limited's revenue was down 42.5% on a year-over-year basis. For this SWKS's 20 days and 50 days MA (moving average) comparison clear the blur picture.

BlackBerry Limited announced that its Board of Directors has approved a stock repurchase plan on Friday, June 23rd that authorizes the company to buyback 31,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases.

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