BlackBerry Limited (BBRY) has risen sharply, recording gains of 4.87% in the past 4 weeks. However, the stock has corrected -0.75% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.09% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.49% and the fifty day Moving Average is 9.77%. BlackBerry Limited is up 10.24% in the last three month period. Year-to-Date the stock performance stands at -14.12%.
BlackBerry Limited (BBRY) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $6. The average forecast of all the analysts is $7.63 and the expected standard deviation is $1.42.
BlackBerry Limited (NASDAQ:BBRY): On Fridays trading session , Opening price of the stock was $7.93 with an intraday high of $8.09. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.9. However, the stock managed to close at $7.97, a loss of 0.13% for the day. On the previous day, the stock had closed at $7.98. The total traded volume of the day was 2,429,212 shares.
BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.