BlackBerry Limited (NASDAQ:BBRY).
September 29 investment analysts at Morgan Stanley maintained a stock rating of “Underperform” but lowered the price expectation to $6.00 from $7.00. On August 12 the company was upgraded to “Outperform” from “” and a price target of $10.50 was set by analysts at Raymond James.
On June 16 Imperial Capital left the stock rating at “In-line” and lowered the price expectation from $7.50 to $7.00. On May 18, 2016 Macquarie started covering the stock giving it an initial rating of “Underperform”.
April 19 investment analysts at Imperial Capital kept the stock rating at “In-line” and lowered the price target from $9.00 to $7.50.
The company is now up since yesterday’s close of $7.88. Company chares are trading at $8.33 which is a tad above $7.79, the 50 day moving average and just above the 200 day moving average of $7.30. The 50 day moving average went up $0.54 or +6.87% and the 200 day average was up $1.03.
As of the latest earnings report the EPS was $-2.21 and is estimated to be $-0.15 for the current year with 523,000,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.05 with next year’s EPS projected to be $-0.16.
Traders are feeling more bearish lately if you take into consideration the increase in short interest. The company saw a rise in short interest of 0.00% as of September 15, 2016 from the last reporting period. Short shares grew 167,123 over that period. With short interest at 57,344,411 and short average daily volume at 2,895,561, the short-interest ratio is 19.8 and the percentage of shorted shares is 0.11% as of September 15.