BlackBerry Limited (NASDAQ:BBRY) kept active in under and overvalue discussion, BBRY holds price to book ratio of 1.76 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. BlackBerry Limited has been performing well of late despite the struggles in the broader market. The stock comfortably outperformed the Zacks categorized Wireless Non-US industry over the last six months. The stock gained 8.33% as against the industry’s decline of 7.50% over the same period.
Ushering in further good news, the stock recently declared narrower-than-expected loss in the third quarter of fiscal 2017 (ended Nov 30, 2016). The company’s new guidance with respect to the bottom line for fiscal 2017 is also encouraging. It now expects to be profitable in fiscal 2017. The previous outlook was in the range of break-even results to a loss of 5 cents per share. BlackBerry is on track to achieve 30% growth in software and service revenues in fiscal 2017.
Fundament/ News Factor in Focus
Taking look on ratio analysis, BBRY has forward price to earnings ratio of 180.00. The co is presenting price to cash flow as 2.97, the low single digit may indicate stock is undervalued and vice versa. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower. The firm has price volatility of 4.50% for a week and 2.78% for a month. Its beta stands at 1.09 times. Narrow down four to firm performance, its weekly performance was -7.39% and monthly performance was -6.02%.
Shopify Inc. (NYSE:SHOP) runs in leading trade, it are surging 5.56% to traded at $43.64. SHOP attains analyst recommendation of 2.00 on scale of 1-5 with week’s performance of -1.69%.
To find out the technical position of SHOP, it holds price to book ratio of 8.52 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. SHOP is presenting price to cash flow of 8.73.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -1.60%, and looking further price to next year’s EPS is 64.30%. While take a short look on price to sales ratio, that was 10.86.