BlackBerry Ltd (NYSE: BB) stock closed at $3.47 on 5/14/24 after a major increase of 11.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 817% of normal. The stock has risen 15.3% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
BB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
BlackBerry has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. BlackBerry has a very low Appreciation Score of 10 and a very low Power Rating of 4, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive 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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