The company's stock had a trading volume of 2,322,140 shares, compared to its average volume of 2,765,628. The firm has a market capitalization of $5,753.79, a price-to-earnings ratio of 208.80 and a beta of 1.11. Royal Bank of Canada upped their price objective on shares of BlackBerry to C$14.00 and gave the stock a sector perform rating in a report on Thursday, December 21st.
Keeping tabs on some alternate data, we can see that the stock has a current weighted alpha of -32.66. The year-to-date (YTD) execution mirrored at -4.03 percent. The stock has shown a quarterly performance of -5.55% and a half-year performance stands at 2.39%.
Based on a recent bid, this stock (BB) was trading at a distance of -17.03% from 20 days simple moving average, and its distance from 50 days simple moving average is -16.32% while it has a distance of -4.70% from the 200 days simple moving average.
A moving average filters out random noise and offers a smoother perspective of the price action. It goes without saying that investors should not rely exclusively on any one technique.
According to BlackBerry Limited's Insider ownership is at 11.20%.
Analysts Mean Recommendation/Target Price/Volume: The stock exchanged hands with 8069736 numbers of shares contrast to its average daily volume of 6.82M shares.
The stock has returned -6.54% since the starting of the year when viewing the starting price as compared to the ending price.
What about BB Stock's Volatility? The level of trading activity in a stock is often a good proxy for the level of interest and enthusiasm for the name within the investment community. BlackBerry Limited maintained activity of relative volume at 1.18. The stock's short float is around of 8.04% and short ratio is 6.56. BB is an exciting player in the Technology space, with a center of attention on Communication Equipment. The stock exhibited 39.01% change to a low over the previous 12 months and manifested move of -28.25% to a high over the same period. More extreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum. Canaccord Genuity reissued a hold rating and set a $11.00 price target on shares of BlackBerry in a research report on Thursday, March 29th. As we get closer to the end of the year, investors may be looking back at individual stock performance over the past year. The forward price-to-earnings ratio is a powerful, but limited tool.
Looking about the past performance history, the company plunged -10.30% for the last five trades and exhausted -5.27% in one month period. Branching out into new areas may help give the investor some alternative ideas for the next few quarters. Instead, the 52 Week Range is generally used more as a descriptive metric to describe what the stock has done and not what it will do.
The price volatility of stock was 6.30% for a week and 3.77% for a month. These up or down trends are telling the direction of stock price on basis of moving averages. While historical volatility can be indicative of future volatility, it can also differ greatly from future volatility, depending on what was driving the price changes during the past period.
BlackBerry Limited (BB) stock gained attention from Active Investors. Stock analysis is mainly of two types: one is fundamental and the other is technical. Institutional investors own 56.60% stake in the company while Beta factor, which is used to measure riskiness of the security, was 1.04. Volatility is a statistical measure of the dispersion of returns for a given security or market index. If market is up, the stock should outperform by positive momentum and if the market heads lower, the stock should go down by same tendency.
Earnings for each Share (EPS) are the part of a company's profit allocated to respectively outstanding share of common stock.
What Analyst Suggest For BlackBerry Limited (BB)? . A higher volatility means that a security's value can potentially be spread out over a larger range of values. The indicator should not be confused with relative strength. RSI oscillates between zero and 100. Wilder recommended a 14-period smoothing.
Investors may be trying to identify volume trends over time.
Traditional reading and handling of the RSI is that it values 70 or above shows that a security is becoming overbought or overvalued.