Is it wise to invest in BlackBerry?
Is it wise to invest in BlackBerry?
BlackBerry (BB) doesn’t make smartphones anymore. Yet the midcap firm, with a $3.9 billion market value, actually beat the market last year with a 41% gain in 2021. Yet BlackBerry stock has definitely cooled off a lot since June, when Wall Street analysts downgraded the stock.
Does BlackBerry have debt?
What Is BlackBerry’s Net Debt? You can click the graphic below for the historical numbers, but it shows that as of August 2021, BlackBerry had US$782.0m of debt, an increase of US$610.0m over one year. On the flip side, it has US$707.0m in cash leading to net debt of about US$75.0m.
Is BlackBerry expected to rise?
The 7 analysts offering 12-month price forecasts for BlackBerry Ltd have a median target of 6.50, with a high estimate of 20.00 and a low estimate of 4.50. The median estimate represents a +11.49% increase from the last price of 5.83.
How much cash does BlackBerry have?
Compare BB With Other Stocks
| BlackBerry Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2020 | $909 |
| 2019 | $916 |
| 2018 | $2,259 |
| 2017 | $1,378 |
Is there any hope for BlackBerry?
Wall Street expects BlackBerry revenue to fall by 20% to $730 million for fiscal 2022, while its net loss is forecast at $196 million. Analysts, however, expect sales to rise to 23.3% to $900 million in fiscal 2024, while the adjusted net loss per share might narrow to $0.03.
Is BlackBerry stock heavily shorted?
In 2021, shares of BlackBerry spiked twice on heavy, Reddit-organized retail buying and attempts to ignite a short squeeze, but the stock faded from its highs. Shares of BlackBerry went through a 50% drop in pricing since June. About 7% of BlackBerry’s shares are shorted.
Is there hope for BlackBerry?
Analysts, however, expect sales to rise to 23.3% to $900 million in fiscal 2024, while the adjusted net loss per share might narrow to $0.03. There is a good chance for BlackBerry to raise equity capital and dilute shareholder wealth given it ended the most recent quarter with $407 million in cash.
How much of BlackBerry is shorted?
Based on the recorded statements, Blackberry has 41.25 M of outstending shares currently sold short by investors. This is much higher than that of the Technology sector and significantly higher than that of the Software—Infrastructure industry.
How many shares of BlackBerry are shorted?
Share Statistics
| Avg Vol (3 month) 3 | 8.92M |
|---|---|
| Float 8 | 490.58M |
| % Held by Insiders 1 | 1.77% |
| % Held by Institutions 1 | 40.56% |
| Shares Short (May 13, 2022) 4 | 39.46M |
Will BlackBerry make a comeback?
The iconic BlackBerry is “not dead” and is set to make a comeback in 2022, a Texas-based security solutions start-up said, reminding lovers of the legacy handset that a 5G BlackBerry smartphone will be launched this year. The note comes as BlackBerry pulled the plug on its devices earlier this month.
Is BlackBerry in a short squeeze?
Plus, the equity looks ripe for a short squeeze, as the 39.11 million shares sold short still make up 7% of BB’s available float, despite short interest falling 16.7% during the most recent reporting period. The options pits are far more optimistic, with calls popular.
