BlackBerry Limited (NASDAQ:BBRY) Stock Closed -9.1% Below Its 50 Day Average

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5013417 shares were traded on BlackBerry Limited's last session. Overall, 5.01 Million shares exchanged hands versus its average trading volume of 7.66 Million shares. The relative volume of the stock is 0.65, while its market cap is $4.6 Billion. The RSI oscillates between zero and 100. When RSI moves above 70, it is overbought and could lead to a downward move.

BlackBerry Limited (NASDAQ:BBRY) opened at 8.58 on Tuesday.

According to Financial Times, The 5 analysts offering 12 month price targets for Vera Bradley, Inc. have a median target of 10.00, with a high estimate of 12.00 and a low estimate of 10.00. If there is no relationship between the trading volume and the price of a security, this may be the warning sign of weakness in the current trend and a possible reversal. This trading reaction position the stock on Active limelight. Finally, Royal Bank Of Canada reiterated a "hold" rating and set a $9.50 target price on shares of BlackBerry Limited in a research report on Thursday, June 15th. There is no concrete way to calculate a price target. The 50 day moving average was down $-0.87 or -9.13% and the 200 day average was down $-0.24. The company has its outstanding shares of 148.02M. Earnings per share serves as an indicator of a company's profitability. They now have a Dollars 10 price target on the stock.

On May 30 the company was downgraded from "Outperform" to "Market Perform" in a report from Raymond James. The company beat the analyst EPS Estimate with the difference of $0.05.

BlackBerry Limited on 5/30/2017 analysts projecting the EPS of the stock as $-0.05. Average estimation for the current quarter has been provided by 16 analysts.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.

Blackberry Limited (NASDAQ:BBRY) has average revenue estimates of $221.08 Million, compared to low analyst estimates of $207.3 Million and high estimates of $231.87 Million for the current quarter. During last 3 month period, 7.24% of total institutional ownership has changed in the company shares. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Volatility is a statistical measure of the dispersion of returns for a given security or market index.

When we see the company's Volatility, it now has a monthly volatility of 2.22% and weekly volatility of 2.01%. The company's net profit margin has achieved the current level of 0 percent and possesses 55.4 percent gross margin. BlackBerry Limited presently has a consensus rating of "Hold" and an average price target of $9.47.

Taking a broader look at the analyst consensus, according to 17 analysts Blackberry Limited (NASDAQ:BBRY)'s price will reach at $9.63 during 52 weeks. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

The Stock had a 2.83 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.83 and 2.75 respectively.

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future. This was evident in the recent market crash when the stocks of all Reliance companies fell sharply. Share performance for the month is now at -17.10%.

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