BlackBerry Limited (NASDAQ:BBRY).
On September 29 Goldman Sachs held the company rating at “Equal-weight” but lowered the price expectation from $9.00 to $7.00. On August 12 the stock rating was upgraded from “” to “Outperform” with a current price target of $10.50 by analysts at Raymond James.
June 16 investment analysts at Imperial Capital maintained a stock rating of “In-line” and lowered the price expectation to $7.00 from $7.50. On May 18, 2016 Macquarie started coverage with an initial rating of “Underperform”.
April 19 investment analysts at Imperial Capital left the company rating at “In-line” and lowered the price target from $9.00 to $7.50.
The company is so far trading up since yesterday’s close of $7.88. Shares of the company are trading at $8.33 which is a tad above $7.79, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $7.30. The 50 day moving average was up $0.54 or +6.87% whereas the 200 day moving average was up $1.03 or +14.10%.
As of the latest earnings report the EPS was $-2.21 and is projected to be $-0.15 for the current year with 523,000,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.05 and the next full year EPS is anticipated to be $76.58.
Investors are feeling more bearish on shares of BlackBerry Limited if you take note of the uptick in short interest. The firm experienced a rise in short interest of 0.00% as of the latest report on September 15, 2016. Short shares grew from 57,177,288 to 57,344,411 over that timeframe. With short interest at 57,344,411 and short average daily volume at 2,895,561, days to cover is 19.8 and the percentage of shorted shares is 0.11% as of September 15.