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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.
BlackBerry Limited is a software-infrastructure business with stocks listed in the US. BlackBerry shares (BB) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$10.58 – a decrease of 2.94% over the previous week. Here's how to invest if you're based in Australia.
How to buy shares in BlackBerry
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for BlackBerry. Find the share by name or ticker symbol: BB. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until BlackBerry reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$10.58, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of BlackBerry, depending on your broker.
- Check in on your investment. Congratulations, you own a part of BlackBerry. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
- BlackBerry key stats
- Compare share trading platforms
- Is BlackBerry stock a buy or sell?
- BlackBerry performance over time
- Can I short BlackBerry shares?
- Are BlackBerry shares over-valued?
- BlackBerry's financials
- How volatile are BlackBerry shares?
- Does BlackBerry pay a dividend?
- Have BlackBerry shares ever split?
- Other common questions
BlackBerry share priceUse our graph to track the performance of BB stocks over time.
BlackBerry shares at a glance
|52-week range||US$2.7 - US$28.77|
|50-day moving average||US$11.8994|
|200-day moving average||US$7.124|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$0.035|
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Is it a good time to buy BlackBerry stock?
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.
BlackBerry price performance over time
|1 week (2021-02-18)||-3.29%|
|1 month (2021-01-27)||-57.85%|
|3 months (2020-11-27)||72.03%|
|6 months (2020-08-27)||110.34%|
|1 year (2020-02-27)||105.84%|
|2 years (2019-02-27)||21.89%|
|3 years (2018-02-27)||-14.33%|
|5 years (2016-02-26)||41.82%|
Is BlackBerry under- or over-valued?
Valuing BlackBerry stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of BlackBerry's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
BlackBerry's P/E ratio
BlackBerry's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 187x. In other words, BlackBerry shares trade at around 187x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
BlackBerry's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$112 million (£0.0 million).
The EBITDA is a measure of a BlackBerry's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$965 million|
|Gross profit TTM||US$768 million|
|Return on assets TTM||-1.64%|
|Return on equity TTM||-38.15%|
|Market capitalisation||US$5.8 billion|
TTM: trailing 12 months
Shorting BlackBerry shares
There are currently 20.4 million BlackBerry shares held short by investors – that's known as BlackBerry's "short interest". This figure is 48.4% down from 39.6 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)
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 92.8 million). BlackBerry's SIR currently stands at 0.22. In other words for every 100,000 BlackBerry shares traded daily on the market, roughly 220 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 0.04% of the outstanding shares (for every 100,000 BlackBerry shares in existence, roughly 40 shares are currently held short) or 0.0422% of the tradable shares (for every 100,000 tradable BlackBerry shares, roughly 42 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.
BlackBerry share dividends
We're not expecting BlackBerry to pay a dividend over the next 12 months.
Have BlackBerry's shares ever split?
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.
BlackBerry share price volatility
Over the last 12 months, BlackBerry's shares have ranged in value from as little as US$2.7 up to US$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 1.0938. 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).
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity; safety and data privacy; and endpoint security management, encryption, and embedded systems. It offers BlackBerry Spark software platform that includes a suite of security software products and services comprising BlackBerry Cylance, BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; and BlackBerry Spark SDK to promote the evolution of a platform ecosystem by enabling enterprise and independent software vendor developers to integrate the security features of BlackBerry Spark into their own mobile and web applications. BlackBerry Limited also provides BlackBerry Internet of Things (IoT) solutions, including BlackBerry QNX, BlackBerry AtHoc, SecuSUITE, BlackBerry Certicom, BlackBerry Radar, and other IoT applications; and manages and monetizes BlackBerry patents and applications. As of February 29, 2020, the company owned approximately 38,000 worldwide patents and applications. BlackBerry Limited has a partnership with the University of Windsor to develop and deliver a cybersecurity curriculum for the university's graduate master's program in applied computing; and an agreement with Amazon Web Services, Inc. to develop and market BlackBerry's intelligent vehicle data platform. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.
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