Analysts’ skepticism surged over the six month stock rally from Research In Motion Ltd (NASDAQ:BBRY) after the company launched its new smartphone product line in a turnaround effort. During yesterday’s trade company’s shares closed at 14.51 Canadian dollars in Toronto that is nearly 21 % higher than the average price target of 11.97 Canadian dollars. That represents a higher premium than any other stock on the TSX Composite Index.
BlackBerry launched its new Z10 smartphone in current quarter and put for sale on 31st January in the United Kingdom. The Canadian smartphone maker is struggling hard to restore its position as a rival againt US counterpart Apple Inc and Android devices from Google. Android OS is widely being used by Samsung Electronics and along with Apple both companies accounted for 91 % of global smartphone sales in the fourth quarter. The global share of BlackBerry dropped to 3.2 %. In a recent report a Goldman Sachs Group analyst stated that BlackBerry 10 smartphones only has a 20 % success chance.
Coming to the stock performance in last Session; Research In Motion Ltd (NASDAQ:BBRY) in last trading session end up at $14.23 by falling -4.56% with traded volume of 78.02 million shares which is up the average volume of 57.75 million shares.
The stock price saw week’s volatility of 6.65% and month’s volatility is 6.69%, while the stock price of the company is moving up from its 20 days moving average with 0.43% and isolated negatively from 50 days moving average with -3.29%.
Looking at Analytic Ratios; the price to sales ratio of BBRY in past twelve months was calculated as 0.59 and price to cash ratio as 2.73. Company return on equity ratio is recorded as -8.67% and its return on assets is -6.35%.
BBRY belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 751.26 with -0.33% change.