BlackBerry Limited (NASDAQ:BBRY) Working On Its Last In-House Smartphone With a QWERTY Keyboard

BlackBerry Limited (NASDAQ:BBRY) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.66% to 7.57 with around 2.07 Million shares have changed hands in this session. BlackBerry (BBRY) declared that it has been looking to revive its smartphone portfolio for a while now, but have been largely unsuccessful. BlackBerry CEO John Chen confirmed last month that the company is working on its last in-house smartphone with a QWERTY keyboard.

This smartphone is largely expected to be codenamed Mercury, and now fresh live images leak has revealed key details of the device.The images have been leaked on Weibo, and they show uncanny similarity to the previously launched BlackBerry Priv. However, the keyboard is fixed below the display, and does not slide out of sight. It also has capacitive navigation buttons, and not on screen buttons, as found on the Priv.

The alleged BlackBerry Mercury is tipped to have the fingerprint sensor integrated into the space bar. BlackBerry is expected to unveil the smartphone sometime this month, and begin shipping it in 2017. It is also expected to be powered by the Snapdragon 625 processor, and feature a 4.5-inch sized display. The stock is going forward its fifty-two week low with 21.51% and lagging behind from its 52-week high price with -19.98%.

Similar, the positive performance for the quarter recorded as -1.43% and for the year was -0.13%, while the YTD performance remained at -18.43%. BBRY has Average True Range for 14 days of 0.17.

Safe Bulkers, Inc. (NYSE:SB) [Trend Analysis] retains strong position in active trade, as shares scoring -7.41% to $1.25 in a active trade session, while looking at the shares volume, around 3.37 Million shares have changed hands in this session. Safe Bulkers, Inc. (NYSE:SB) released that its public offering of 13,600,000 shares of its Common Stock, par value $01 per share, was priced at $1.10 per share. The Company has also granted the underwriters a 30-day option to purchase up to an additional 2,040,000 shares of the Common Stock solely to cover over-allotments, if any.

The Company plans to use the net proceeds of the offering for the acquisition of secondhand vessels, capital expenditures and for other general corporate purposes, which may include repayment or settlement of its financial obligations. Stifel, Nicolaus & Company, Incorporated and DNB Markets, Inc. are acting as joint bookrunners of the Public Offering, which is being made under an effective shelf registration statement. Seaport Global Securities LLC is acting as co-manager of the public offering. The firm has institutional ownership of 11.10%, while insider ownership included 67.90%. SB attains analyst recommendation of 3.50 with week’s performance of -17.76%. Investors looking further ahead will note that the Price to next year’s EPS is 22.60%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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