NEWS BITES - NORTH AMERICA
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BlackBerry's (TSX: BB CAD6.93) stock price increased 1.0c (0.1%) from its previous trading session to close at CAD6.93.
Compared with the S&P/TSX 60 Index which fell 2.3 points (0.2%) in the day, the relative price increase was 0.3%.
BlackBerry is Canada's largest Communication equipment company by market cap.
There were 751,314 shares worth CAD5.2 million ($3.9 million) traded today. The volume was 0.4 times the average daily trading volume of 1.8 million shares.
BLACKBERRY (BB) Stock Dashboard [traded in Canadian Dollar, CAD] End-of-Day
| Exchange | CANADIAN [Toronto] | Sector | Communication Equipment |
| Currency | 1.000 CAD = 0.748 USD | Market Cap | CAD4 billion [US$3 billion] |
| Jun 08, 2023 | CAD6.93 | Shares Outstanding | 582,180,000 |
| EPS (FY2023) | (CAD1.27) | BB in Indices | S&P/TSX 60 |
| Ave Daily Volume | 1,818,827 shares | PVCAD1000 (1 yr) PVUS$1000 (1 yr) | CAD901 US$846* |
| 52-Week Price Range | 4.31 - 9.25 |
*If You Invested $1,000 in BlackBerry a year ago, This is How Much You Would Have Today: $846. USD1000 would have bought CAD1,252 for 162.8 shares (@the then price of 7.69) worth CAD901 @6.93 today.
INDEX
SECTION 1 RECENT NEWS AND RESEARCH
SECTION 2 TODAY'S BULLISH SIGNALS
SECTION 3 ONGOING BULLISH PARAMETERS
SECTION 4 TODAY'S BEARISH SIGNALS
SECTION 5 ONGOING BEARISH PARAMETERS
SECTION 6 CORPORATE PROFILE
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
APPENDIX II OTHER LISTINGS AND STOCK IDENTIFIERS
GLOSSARY
SECTION 1 RECENT NEWS AND RESEARCH
Financial News
Annual Report (FY 2023):
Release Date: April 04, 2023
FY2023 Annual Report: BlackBerry Revenue down 8.6%
BlackBerry (TSX:BB) reported total revenue for the year-ended 28 February 2023 [FY2023] of $656m, down 8.6% from $718m in the previous year [FY2022].
Annual growth in Revenue
| Year-ended | 28 February [FY/2023] | 28 February [FY/2022] |
| Revenue, $ Million | 656 | 718 |
| Growth in Revenue % | -8.6 | -19.6 |
| Net Profit, $ Million | -734 | 12.0 |
| EPS | $-1.27 | 2.0c |
Press Releases and Corporate Wire
April 07: BlackBerry announces AGM
BlackBerry has announced its Annual General Meeting will take place on Tuesday, June 27.
BlackBerry issued 81 new patents in the past quarter
BlackBerry (BB) has been issued 81 new patents by the USPTO & EPO.
This corresponds to an average of 27 patents a month, up 68.8% from an average of 16 patents per month in 2022.
To view details, click on link shown in the DATA & ARCHIVE DOWNLOAD CENTER.
SECTION 2 TODAY'S BULLISH SIGNALS
2.1 Rank in the top 21% by Price Performance in the Canadian market
| Description | Value | Rank |
| Price/MAP50 | 1.09 | In Top 14% |
| Rel Strength 6 mo | 80 | In Top 21% |
2.2 Uptrend
Beta > 1 combined with price rise. The Beta of the stock is 2.0.
Price/Moving Average Price of 1.13 and positive MACD:
- The Price/MAP 200 for BlackBerry is 1.13. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the S&P/TSX 60 Index of 1.0, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of CAD6.38 is higher than the 200-day MAP of CAD6.14, a third bullish indicator. The 200-day MAP has increased to CAD6.14, a fourth bullish indicator.
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 7.03 minus the 26-day EMA of 6.83 is positive, suggesting a bullish signal.
- The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1, 31 times suggesting further upside. The 50-day EMAP has increased to CAD6.49. An increase is another bullish indicator.
Past Quarter:
The Best 3 weeks in the past quarter
In the past quarter the week beginning Monday May 01 saw the highest weekly rise of 19.1% for a relative price increase of 19.5%.
| Mon-Fri | Change % | S&P/TSX 60 Index Change % | RPC % | Vol Ind [1 is avg] |
| May 01-05 | 19.1 | -0.4 | 19.5 | 0.9 |
| Mar 27-31 | 17.2 | 3 | 14.2 | 1.6 |
| May 08-12 | 8.1 | -0.6 | 8.7 | 1 |
Relative Strength (6 months) 80 percentile:
- The stock has a 6-month relative strength of 80 in the Canadian market of 1,141 stocks, 47 units and 198 preference stocks indicating it has outperformed 80% of the market.
2.3 Other Bullish Signals
MCap/Total Assets:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.8. Compared with the rest of the market the stock is undervalued.
2.4 Oversold/Bullish Signals:
- The stock is oversold according to the Williams % R indicator of -82.1, suggesting the price is close to its 14-day low of CAD6.83.
SECTION 3 ONGOING BULLISH PARAMETERS
3.1 Rank in the top 11% by Size in the Canadian market
| Description | Value | Rank |
| Ave daily Turnover | CAD5.2 million ($3.9 million) | In Top 3% |
| MCap | $3 billion | In Top 11% |
3.2 Present Value of CAD1000 Invested in the Past 3 Months; The Best Period with PVCAD1000 > 1,388
| PVCAD1,000 | 3 mo ago |
| BB.TSX | CAD1,389 |
| Communication Equipment sector | CAD1,098 |
| S&P/TSX 60 Index | CAD988 |
3.3 Past quarter: price rise of 38.9%
3-Month price change of 38.9% for BlackBerry outperformed the change of 0.7% in the S&P/TSX 60 Index for a relative price change of 38.2%.
| Price Change % | Quarter |
| BlackBerry | 38.9 |
| Communication Equipment sector | 9.8 |
| S&P/TSX 60 Index | 0.7 |
3.4 Increased Volume, up 12% in 5 years
In the past five years, Average Daily Volume of Trading (ADVT) has increased 11.6% to 1.8 million shares.
Avg. Daily Volume Traded 12 months ended Jun 08, million shares
| Year | ADVT |
| 2023 | 1.8 |
| 2022 | 2.8 |
| 2021 | 4.6 |
| 2020 | 1.9 |
| 2019 | 1.6 |
3.5 Satisfies one criterion of Benjamin Graham
-"Total debt equal or less than twice the net quick liquidation value"; total debt of USD367 million is 1 times the net liquidation value of USD376 million.
SECTION 4 TODAY'S BEARISH SIGNALS
Price/Sales of 4.6 > Communication Equipment sector (of 21 stocks) avg of 2.3:
- The price-to-sales ratio of 4.6 indicates overvaluation compared with sector average of 2.3 and market average of 1.5.
4.1 PAST WEEK: WEAK MOMENTUM DOWN - BB declines 4.3% on volume 0.5 times average
The price ranged between a high of CAD7.15 on Friday Jun 02 and a low of CAD6.92 on Wednesday Jun 07.
| Jun | BlackBerry | Close [CAD] | Change % | RPC % * | Comment |
| Fri 02 | In bottom 3% performers of S&P/TSX 60 Index | 7.15 | -1.2 | -3.0 | Week-high of 7.15 |
| Mon 05 | Accelerates decline, down 3.2% in 2 days | 7.01 | -2.0 | -1.5 | Price fall on slipping relative strength |
| Tue 06 | Adds CAD47 million ($35 million) (1.1%) in MCap, top heavyweight rise in Communication equipment sector | 7.09 | 1.1 | 0.9 | Top Rise |
| Wed 07 | Loses CAD99 million ($74 million) (2.4%) in MCap, steepest heavyweight fall in Communication equipment sector | 6.92 | -2.4 | -1.9 | Week-low of 6.92; Steepest Fall |
| Thu 08 | Increases | 6.93 | 0.1 | 0.3 | Price/MAP200 above 1 and rising |
* RPC - Relative Price Change is % price change of stock less % change of the S&P/TSX 60 Index.
4.2 Rank in the bottom 21% by Relative Valuation in the Canadian market
| Description | Value | Rank |
| Price to Sales | 4.6 | In Bottom 21% |
4.3 Rank in the bottom 20% by Price Performance in the Canadian market
| Description | Value | Rank |
| 1-week Price Change % | -4.3 | In Bottom 20% |
SECTION 5 ONGOING BEARISH PARAMETERS
5.1 Past two-years
- BlackBerry fell for a second consecutive year. In the previous year the shares fell CAD11.41 (59.7%).
5.2 Present Value of CAD1000 Invested in the Past [1 Yr, 3 Yrs]; The Worst Periods with PVCAD1000 < 940
| PVCAD1,000 | 1 yr ago | 3 yrs ago |
| BB.TSX | CAD901 | CAD939 |
| Communication Equipment sector | CAD812 | CAD1,105 |
| S&P/TSX 60 Index | CAD955 | CAD1,246 |
5.3 The Worst Periods [1 Yr, 3 Yrs] with Price Change % < -6
3-Year price change of -6.1% for BlackBerry underperformed the change of 25.2% in the S&P/TSX 60 Index for a relative price change of -31.3%.
| Price Change % | Year | 3 Years |
| BlackBerry | -9.9 | -6.1 |
| Communication Equipment sector | -19.3 | 13.3 |
| S&P/TSX 60 Index | -5.2 | 25.2 |
5.4 Moving Annual Return of -9.9% in the past year:
Moving Annual Return was -9.9% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 4.9%. The Moving Annual Return has been negative in 4 out of 5 years.
| BB | Close (CAD) | Annual Return % |
| Jun 08 | 6.93 | (9.9) |
| 1 Yr ago | 7.69 | (59.5) |
| 2 Yrs ago | 19.01 | 157.6 |
| 3 Yrs ago | 7.38 | (30.0) |
| 4 Yrs ago | 10.55 | (33.7) |
Close 5 years ago CAD15.92
5.5 MCap: 5-Year Decrease of CAD5 B [$3B] (53%)
In the past 5 years Market Capitalization has decreased by CAD4.5 billion (53%) from CAD8.6 billion to CAD4 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years.
| Price | MCap (CAD M) | MCap ($ M) | |
| Last | CAD6.93 | 4,034.5 | 3,018.1 |
| 1 Year ago | CAD7.69 | 4,438.3 | 3,544.1 |
| 2 Years ago | CAD19.01 | 10,579.3 | 8,391.8 |
| 3 Years ago | CAD7.38 | 4,046.2 | 2,999.2 |
| 4 Years ago | CAD10.55 | 5,780.1 | 4,329.4 |
| 5 Years ago | CAD15.92 | 8,550.7 | 6,604.2 |
5.6 Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Periods with TSR < 1.7%
| TSR % | 1 yr | 3 yrs | 5 yrs | 10 yrs | 20 yrs |
| BB.TSX | -9.9 | -2 | -15.3 | -6.9 | 1.6 |
5.7 Declining VWAP, down 49% in 5 years
In the past five years Volume Weighted Average Price (VWAP) has decreased by 48.8% to CAD6.30. Based on a dynamic start date of five years ago, there have been declines in VWAP in 3 out of 5 years.
Past five years, 12 months ended Jun 08 (CAD)
| Year | High Price | VWAP | Low Price |
| 2023 | 9.25 | 6.3 | 4.31 |
| 2022 | 19.58 | 11.93 | 6.13 |
| 2021 | 36.0 | 13.16 | 5.82 |
| 2020 | 11.98 | 7.36 | 3.94 |
| 2019 | 16.27 | 12.31 | 8.94 |
5.8 Declining share turnover, down 45% in 5 years
In the past five years, average daily share turnover has decreased 44.6% to CAD11.1 million ($8.3 million). This suggests decreased liquidity.
Past five years, 12 months ended Jun 08 (CAD million)
| Year | Average Daily Turnover |
| 2023 | 11.1 |
| 2022 | 33.7 |
| 2021 | 61.0 |
| 2020 | 14.4 |
| 2019 | 20.1 |
SECTION 6 CORPORATE PROFILE
6.1 Activities
BlackBerry Ltd is a designer, manufacturer and marketer of wireless solutions for the mobile communications market. It is Canada's largest Communication equipment company by market capitalisation.
6.2 Contact Details
| Website | http://www.blackberry.com |
| Physical Address | 295 Phillip Street, Waterloo, ON, CA, N2L 3W8 |
| Phone | (519) 888-7465 |
| Fax | (519) 888-6906 |
| investor_relations@rim.com |
6.3 Industry & Sector [of 245 stocks]
| Classification Level | Name of Sector |
| Business Sector | Industrial Goods |
| Industry Group | Aerospace & Defense |
| Industry | Aerospace & Defense |
| Activity | Communication & Satellite Equipment |
| Economic Sector | Industrials |
6.4 North American Industry Classification System [NAICS]
Code: 511210
Industry Title: Software Publishers
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
BB: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:
+ PRICE VOLUME - 5-YEAR HISTORY
+ FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2023]:
+ PEER COMPARISON - STOCK IN COMMUNICATION EQUIPMENT SECTOR AND STOCK IN INDICES
+ PATENTS - CATEGORISED LIST OF 5-YEAR HISTORY OF 1304 :
BB: LINKS IN HTML TO FURTHER INFORMATION:
+ NEWS ARCHIVES - BB PAST 4 YEARS IN HTML:
+ USD vs CAD EXCHANGE RATE CHARTS IN HTML
APPENDIX II OTHER LISTINGS AND STOCK IDENTIFIERS
II.1 Primary Exchange and Other Listings: Trading Currency and Volume
| Exchange | Ticker | Currency | Last | ADVT | Vol % of Total | Today's VI |
| Toronto | BB | CAD | 6.93 | 1,818,660 | 16.6 | 0.4 |
| New York | BB | USD | 5.18 | 6,530,224 | 83.3 | 0.6 |
| Frankfurt | RI1 | EUR | 4.92 | 9,924 | 0.1 | 0.4 |
| Total | 100.00 |
1 CAD [Canadian Dollar]= 0.7481 USD; 1 CAD [Canadian Dollar]= 0.6991 EUR
ADVT= Avg. Daily Volume of Trading; VI= Volume Index (1 is avg)
II.2 Stock Identifiers
ISIN: CA09228F1036
PermID: 4295861766
RIC: BB.TO
GLOSSARY
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Price/Sales: Share Price/Sales Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
Total Liabilities/Total Assets: Total Liabilities/Total Assets
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
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