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BlackBerry on the Street: What the Analysts Say in May

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Nov. 20 2020, Updated 11:12 a.m. ET

Shareholder returns and stock trends

The stock of Canada-based (EWC) BlackBerry (BBRY) has risen 44% in the past 12 months, after falling 28% in 2016 and 14.2% in 2015. YTD (year-to-date), the stock price has risen 34.5%, while in the trailing-five-day period, it has risen 2%. The stock has risen 23.6% in the past month.

By comparison, Apple (AAPL) and Cisco Systems (CSCO), BBRY’s peers in the technology hardware and storage subsector, have risen 57% and 25%, respectively, in the past 12 months.

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Moving averages

BlackBerry closed the trading day at $9.29 on May 2, 2017. Based on that figure, here’s how the stock is performing as compared to its moving averages:

  • 27.6% below its 100-day moving average of $7.28
  • 23% above its 50-day moving average of $7.55
  • 8.4% above its 20-day moving average of $8.57

MACD and RSI

A company’s MACD (moving average convergence divergence) is the difference between its stock’s short-term and long-term moving averages. BBRY’s 14-day MACD is 0.7. That positive figure indicates an upward trading trend.

The company’s 14-day RSI (relative strength index) is 87, which shows that the stock is somewhat overbought. Generally, an RSI above 70 indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold.

Analyst recommendations

Of the four analysts covering BlackBerry (BBRY) stock, two have given it a “buy” recommendation, while one has given it a “hold,” and one has given it a “sell.”

The analysts’ consensus target price for the stock is now $9.36, and the median target estimate is $9.5. BBRY is thus trading at a discount of 2.3% to its median target price.

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