Alert: Negative Investment/Fundamental Signals (1/2/24)-BlackBerry Ltd (NYSE: BB)


Recent significant negative changes in fundamentals have affected BlackBerry Ltd (NYSE: BB): significant quarterly sales deceleration occurred, the consensus estimate for February, 2023 decreased significantly, and the consensus estimate for February, 2024 decreased significantly.

Important negative changes in BlackBerry Ltd (NYSE: BB) investment behavior have recently occurred: its longer term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above 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 consistent signals. BlackBerry has a poor Power Rating of 22 and a very low Appreciation Score of 8, leading to the Lowest Value Trend Rating.

Recent Price Action

BlackBerry Ltd (NYSE: BB) stock closed at $3.43 on 1/2/24 after a decline of -3.1%. Moreover, trading volume in this decline was above average at 128% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.2% during the last week.

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