Can BlackBerry Stock Still Generate Impressive Returns in 2018?


Dec. 4 2020, Updated 10:53 a.m. ET

BlackBerry’s stock returns

BlackBerry (BB) stock has returned 5.5% in the last 12 months, 5.6% in the last month, and 1.8% in the last five days. It fell 28% in 2016 and then rose 52% in 2017. Since the start of 2018, the stock has risen 8.1%. Comparatively, the S&P 500 ETF (SPY) and the Invesco QQQ Trust ETF (QQQ) have generated returns of 1.9% and 9.4%, respectively, in 2018.

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Analysts’ recommendations and price targets

Of the five analysts tracking BlackBerry stock, two have recommended a “buy,” and two have recommended a “hold.” There is one “sell” recommendation. Analysts’ 12-month average price target for BlackBerry is $12.62, and the median estimate is $12. BlackBerry is trading at a premium of 0.6% to its median estimate.

Moving averages

On June 11, BlackBerry stock closed at $12.07. Based on that price, the stock is trading as follows:

  • 3.7% above its 100-day moving average of $11.64
  • 9.6% above its 50-day moving average of $11.02
  • 2.7% above its 20-day moving average of $11.76

Technical indicators

BlackBerry’s 14-day MACD (moving average convergence divergence) is 0.33. MACD is the difference between a stock’s short-term and long-term moving averages. BlackBerry’s positive MACD indicates an upward trading trend.

BlackBerry has a 14-day RSI (relative strength index) score of 66, which shows that the stock is trading very close to overbought territory. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 suggests that it has been oversold.


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