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BB
Stock ticker:
NYSE
AS OF
Sep 23 closing price
Price
$5.07
Change
-$0.17 (-3.24%)
Capitalization
2.95B

BB Price Prediction, BlackBerry Limited AI Recommendations

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BB Trading results, last 6 months
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A.I.Advisor
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12:00 AM EDT Sep 23, 2022

BB sees MACD Histogram crosses below signal line

BB saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 16, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 40 instances where the indicator turned negative. In 33 of the 40 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 82%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 21, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on BB as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

BB moved below its 50-day moving average on September 13, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BB crossed bearishly below the 50-day moving average on September 02, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for BB entered a downward trend on September 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BB advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .

BB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.114) is normal, around the industry mean (16.259). P/E Ratio (344.828) is within average values for comparable stocks, (155.252). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.111). Dividend Yield (0.000) settles around the average of (0.034) among similar stocks. P/S Ratio (4.621) is also within normal values, averaging (86.954).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

BB is expected to report earnings to rise 48.80% to -7 cents per share on September 27

BlackBerry Limited BB Stock Earnings Reports
Q3'22
Est.
$-0.07
Q2'22
Beat
by $0.01
Q1'22
Beat
by $0.06
Q4'21
Beat
by $0.07
Q3'21
Beat
by $0.02
The last earnings report on June 23 showed earnings per share of -5 cents, beating the estimate of -6 cents. With 7.55M shares outstanding, the current market capitalization sits at 2.95B.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Activision Blizzard (NASDAQ:ATVI), Atlassian Corp (NASDAQ:TEAM), Uber Technologies (NYSE:UBER), NetEase (NASDAQ:NTES).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 5.6B. The market cap for tickers in the group ranges from 580 to 1.77T. MSFT holds the highest valuation in this group at 1.77T. The lowest valued company is NANN at 580.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -5%. For the same Industry, the average monthly price growth was -11%, and the average quarterly price growth was -29%. CLPMF experienced the highest price growth at 717%, while PGY experienced the biggest fall at -74%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -46%. For the same stocks of the Industry, the average monthly volume growth was 14% and the average quarterly volume growth was -63%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 71
Price Growth Rating: 73
SMR Rating: 68
Profit Risk Rating: 89
Seasonality Score: -6 (-100 ... +100)
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BB
Buy/Sell Ratings
 
 
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AI
A.I. Advisor
published General Information

General Information

a developer of hardware and software solutions for mobile communications

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
2200 University Avenue East
Phone
+1 519 888-7465
Employees
3325
Web
https://www.blackberry.com
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BB and

Correlation & Price change

A.I.dvisor indicates that over the last year, BB has been closely correlated with SQ. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if BB jumps, then SQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BB
1D Price
Change %
BB100%
-3.24%
SQ - BB
74%
Closely correlated
+0.61%
PLTR - BB
72%
Closely correlated
+0.41%
LSPD - BB
71%
Closely correlated
-1.64%
PD - BB
71%
Closely correlated
+0.85%
CDAY - BB
69%
Closely correlated
-1.23%
More