Is BlackBerry (BB: TO) a good stock for investment?

BlackBerry Limited (BB: TO) engages in intelligent security software and services to enterprises and governments. BlackBerry provides organizations with software to secure the IoT devices they use, the products they make, the data they share, and their communications. The company leverages artificial intelligence and machine learning to deliver cybersecurity, safety and data privacy, and endpoint security management, encryption, and embedded systems. The market capital for Blackberry is $10.049 Billion. BlackBerry’s 52 weeks low price was $3.94 on March 18, 2020, when Coronavirus (COVID-19) reached the pandemic status, according to the World Health Organization (WHO). Since then, BB shares have increased by 116.22% in 1 year and is now trading at $17.86 on January 24, 2021. If we analyze the balance sheet for BlackBerry, then we get to know about this company’s assets, liabilities, and equity at a particular point in time. Total debt and total assets for Blackberry are 763.285M and 3.719B, respectively, and net debt is -110.152M. for Both the quick ratio (Liquid current assets/Current liabilities) and current ratio (Current assets/Current liabilities) is 2.27, while the debt to equity ratio (total debt/total equity) is 0.33 for this stock. The income statement provides information about revenues, expenses, and profit generated from the business’s operations for that period. The total revenue (FY) is 1.379B, and the gross profit (MRQ) is 131.711M for Blackberry stock. Free cash flow (FCF) is the cash a company generates after considering cash outflows that support its operations and maintain its capital assets, which is 74.896M for this stock. Overall, BlackBerry Ltd. is a growth tech stock, and the price was soaring more than 38% last week. It’s a stock that asks for patience from the investors, and I think shares may be finally rich to a good price by this year. The recent partnership with Amazon Web Services (AWS) on generating data for automakers using a car’s sensors and patent sales to Huawei might help BlackBerry improve its stock price. As many people are working remotely now because of the pandemic, and people are becoming more interested in self-driving cars, the cybersecurity industry will grow more. BlackBerry is definitely one of the leading companies in this sector. Therefore, I think it’s a promising stock for long time investment. Sources: https://www.investopedia.com/terms/f/fundamentalanalysis.asp https://www.tradingview.com/symbols/TSX-BB/ https://ca.finance.yahoo.com/news/blackberry-tsx-bb-could-easily-133022227.html

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Sunflower75

Jan 25, 2021

-29.56%

Change % Since Posting

17.86

Price When Posted

-5.28

Change Since Posting

BB.TO

BlackBerry Limited

12.58

-0.24
-1.87%
Current Price

Is BlackBerry (BB: TO) a good stock for investment?

bullish

BlackBerry Limited (BB: TO) engages in intelligent security software and services to enterprises and governments. BlackBerry provides organizations with software to secure the IoT devices they use, the products they make, the data they share, and their communications. The company leverages artificial intelligence and machine learning to deliver cybersecurity, safety and data privacy, and endpoint security management, encryption, and embedded systems.

The market capital for Blackberry is $10.049 Billion. BlackBerry’s 52 weeks low price was $3.94 on March 18, 2020, when Coronavirus (COVID-19) reached the pandemic status, according to the World Health Organization (WHO). Since then, BB shares have increased by 116.22% in 1 year and is now trading at $17.86 on January 24, 2021.

If we analyze the balance sheet for BlackBerry, then we get to know about this company’s assets, liabilities, and equity at a particular point in time. Total debt and total assets for Blackberry are 763.285M and 3.719B, respectively, and net debt is -110.152M. for Both the quick ratio (Liquid current assets/Current liabilities) and current ratio (Current assets/Current liabilities) is 2.27, while the debt to equity ratio (total debt/total equity) is 0.33 for this stock.

The income statement provides information about revenues, expenses, and profit generated from the business’s operations for that period. The total revenue (FY) is 1.379B, and the gross profit (MRQ) is 131.711M for Blackberry stock. Free cash flow (FCF) is the cash a company generates after considering cash outflows that support its operations and maintain its capital assets, which is 74.896M for this stock.

Overall, BlackBerry Ltd. is a growth tech stock, and the price was soaring more than 38% last week. It’s a stock that asks for patience from the investors, and I think shares may be finally rich to a good price by this year. The recent partnership with Amazon Web Services (AWS) on generating data for automakers using a car’s sensors and patent sales to Huawei might help BlackBerry improve its stock price. As many people are working remotely now because of the pandemic, and people are becoming more interested in self-driving cars, the cybersecurity industry will grow more. BlackBerry is definitely one of the leading companies in this sector. Therefore, I think it’s a promising stock for long time investment.

 

Sources:

  1. https://www.investopedia.com/terms/f/fundamentalanalysis.asp
  2. https://www.tradingview.com/symbols/TSX-BB/
  3. https://ca.finance.yahoo.com/news/blackberry-tsx-bb-could-easily-133022227.html
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2 min

19.65

Target Price

3/ 10

Confidence

2-6 Months

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