BlackBerry Ltd (NYSE: BB) stock closed at $3.58 on 12/21/23 after a major decline of -12.7%. Moreover, trading volume in this decline was exceptionally high at 322% of normal. The stock has declined -16.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BB is expected to continue to be a modest Value Builder.
BlackBerry has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. BlackBerry has a slightly negative Power Rating of 34 and a very low Appreciation Score of 6, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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