BlackBerry Limited (NASDAQ:BBRY).
On September 29 Morgan Stanley made no change to the stock rating of “Underperform” but lowered the price expectation from $7.00 to $6.00. September 29 investment analysts at Goldman Sachs left the company rating at “Equal-weight” and lowered the price expectation to $7.00 from $9.00.
On August 12 the stock rating was upgraded from “” to “Outperform” and a price target of $10.50 was set by Raymond James. June 16 investment analysts at Imperial Capital kept the stock rating at “In-line” and moved down the price target from $7.50 to $7.00.
On May 18, 2016 Macquarie started covering BBRY giving it an initial rating of “Underperform”.
The company is so far trading up from yesterday’s close of $7.88. It is trading at $8.33 just 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 went up by +6.87% and the 200 day average went up by +14.10%.
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 estimated at $-0.05 and the next full year EPS is anticipated to be $76.58.
Short traders are feeling a little more bearish recently looking at the uptick in short interest. The stock realized a rise in short interest from August 31, 2016 to September 15, 2016 of 0.00%. Short shares grew 167,123 over that timeframe. Days to cover increased from 18.1 to 19.8 and the short interest percentage is 0.11% as of September 15.