Shares of BlackBerry Limited (NASDAQ:BBRY) [Trend Analysis] runs in leading trade, it moving up 1.72% to traded at $7.71. The firm has price volatility of 2.09% for a week and 2.17% for a month. Its beta stands at 1.11 times. While Blackberry’s QNX division has been working on automotive software for 20 years, it’s better known for its short-lived stint as king of the business smartphone. Now, the Canadian company is falling back to its roots. Blackberry previously reported its intentions of becoming a self-driving car company, even testing autonomous vehicles on public Canada roads.
These days it’s declaredly ready to commit to spending C$100 million (USD$75 million) over the next few years on an autonomous automotive facility in Ottawa.Blackberry might be well-situated to make strides in the field. Its automotive info-tainment software runs in 60 million cars , and Canada has become a hotbed of artificial intelligence research. The country is heavily incentivizing AI work within its borders, giving more than $200 million this year to continue academic research. Narrow down four to firm performance, its weekly performance was -2.94% and monthly performance was 0.26%. The stock price of BBRY is moving up from its 20 days moving average with 1.18% and isolated positively from 50 days moving average with 3.54%.
Resolute Energy Corporation (NYSE:REN) [Trend Analysis] luring active investment momentum, shares an increase 4.81% to $41.00. Resolute Energy Corporation (NYSE:REN) reported its 2017 capital budget and issued guidance as to anticipated production and costs for 2017.
Nicholas J. Sutton, Resolute’s Chairman and Chief Executive Officer, commented, “Resolute’s 2017 operating plan focuses on following our successful 2016 performance in the Delaware Basin with a two rig drilling program spudding 22 gross wells. We have had very strong cash margins and rapid paybacks in our 2016 horizontal Wolfcamp drilling program, driven by superior early-time well performance, and we are excited about adding a second rig to our efforts. The first rig is continuing to drill, and we expect the second rig to be in the field by mid-January.
The total volume of 1.31 Million shares held in the session was surprisingly higher than its average volume of 1122.85 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -463.60%, and looking further price to next year’s EPS is 122.40%. While take a short look on price to sales ratio, that was 5.01.