BlackBerry stock: buy or sell
Updated on:
Apr 22nd, 2021
1
BlackBerry stock brief
- BlackBerry closed on Wednesday at $8.66 after skyrocketing a 5.48% and broke a streak of 5 sessions in negative.
- From the chart point view, price is drawing an scaled downtrend since last January with lower tops and lower bottoms. shares price lost a -69.90% since the downtrend started.
- BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide.
Should I buy BlackBerry stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BB stock a buy?
In the current situation of BlackBerry there is not any eligible buy setup. This doesn't mean we expect a selloff for $BB in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell BlackBerry stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies give us the ability us to avoid impetuous decisions based on our feelings or the noise surrounding the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for selling short $BB stock
As a rule of thumb, you should not mantain an investment that results in higher than expected losses by the time of purchase. When to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell BlackBerry stock?
In the current situation of BlackBerry there is not any eligible sell setup, so BlackBerry stock holders with operations in profit can keep their positions
BlackBerry ratings
In the last 30 days, 2 brokerage ratings were published for BlackBerry
| Brokerage firm | Rating |
|---|---|
| Mar 31st, 2021 | |
| Canaccord Genuity | |
| Raymond James | |
BlackBerry stock analysis
BlackBerry accumulates a selloff of -69.90% since its latest peak last January at $28.77. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on Tuesday, the price bounced by 7.44%
Relative strength index
When the fluctuates for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator is of little use, and we are currently in one of these cases.
BlackBerry stock price history
BlackBerry started trading on Feb 4th, 1999 priced at $2.15 per share1. Since then, BB stock surged by 302.79%, with an average of 13.76% per year. If you had invested $1,000USD in BlackBerry stock on Feb 1999, it would be valued $4,027.91 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for BlackBerry stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price target posted by brokerage institutions in the last 30 days. If you are a small trader you must not buy or sell based on these projections.
There are 2 price forecasts released for BlackBerry that average $9.25. BlackBerry closed at $8.66 on Wednesday, so the target price is forecasting a growth by 6.81%.
| Brokerage firm | Price target |
|---|---|
| Mar 31st, 2021 | |
| Canaccord Genuity | $10.00 → $9.00 |
| Raymond James | $8.00 → $9.50 |
Earnings and financials
BlackBerry Limited ($BB) published earnings of $0.03 per share in late March, meeting the Market consensus estimate of $0.03 per share. Estimated revenue for Q4 was $242.5 million but BlackBerry failed to match by 11.32%, posting $215.0 million.
Compared to the same quarter last year, EPS was $0.09, so reported EPS is a drop of -66.67%. Turnover sank a -25.53% on an annualized basis in the , from $2.8B to $2.1B last quarter.BlackBerry ($BB) will host the Q1 earnings call next June. Market analysts analysts estimate of $-0.05, that is a 266.67% less than previous quarter.
BlackBerry competitors
BlackBerry is part of the Technology sector and the Software - Infrastructure industry, where it has industry peers.
BlackBerry main competitors are:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| BlackBerry ($BB) | $6.5B | Neutral | 0 |
| Apple ($AAPL) | $2.0T | Buy | 5 |
| Microsoft ($MSFT) | $1.8T | | 5 |
| Google ($GOOGL) | $1.4T | | 9 |
| Ericsson (ERIC) | $44.9B | | 3 |
| Rogers Communication (RCI) | $24.1B | Neutral | 0 |
1 In the last 30 days.
BlackBerry performance
To better understand BlackBerry stock performance you must compare its gains with other related stocks in same sector or industry.. For BlackBerry, the benchmark is made against Apple, Microsoft, Google, Ericsson and Rogers Communication.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BlackBerry ($BB) | -19.00% | -31.40% | 66.50% |
| Apple ($AAPL) | 10.60% | 3.60% | 11.30% |
| Microsoft ($MSFT) | 12.20% | 18.90% | 17.70% |
| Google ($GOOGL) | 12.40% | 24.80% | 44.60% |
| Ericsson (ERIC) | 6.20% | 23.30% | 30.00% |
| Rogers Communication (RCI) | -0.20% | 2.70% | 19.40% |
Disclaimer:
The thoughts written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the individual scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for learning purposes onlyBlackBerry summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $8.09 |
| Close | $8.66 |
| Day range | $8.04 - $8.67 |
| Previous close | $8.21 |
| Session gain | 5.48% |
| Average true range | $0.56 |
| 50d mov avg | $10.27 |
| 100d mov avg | $9.95 |
| 200d mov avg | $7.41 |
| Earnings date | June 23rd, 2021 |