MisterBlues schreef op 2 juni 2021 14:16:
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Dit is een behoorlijk negatieve inschatting.
While many people may still remember BlackBerry for its once-ubiquitous smartphones, the company long ago stopped making them. BlackBerry now is primarily a software business, with a focus on both cybersecurity and software for the automotive industry.
The rally in part could reflect investors trying to spur a short squeeze. There were about 50.2 million BlackBerry shares sold short as of May 14, about 9% of the company’s shares outstanding, and equal to close to four days of average trading volume in the stock over the past three months.
For the January 2022 fiscal year, analysts expect BlackBerry to post revenue of $824 million, down about 10% from the $919 million reported in the previous year. The Street expects a loss for the year of about five cents a share. With today’s move, BlackBerry has a market cap of about $6.5 billion.
Just four of the 16 analysts who follow BlackBerry have a Buy rating on the stock. The average price target on BlackBerry shares is $7.75, and no analyst has a target above $10.