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Its price rally was short-lived, however. The stock has slumped 38.9% over the past six months and 19.7% over the past month to close yesterday’s trading session at $8.60. BB shares are trading below their 50-day and 200-day moving average and near their 52-week low. Moreover, BB has a 1.07 beta, indicating high volatility.
BB has updated its BlackBerry® Guard 2.0 solution, its managed detection and response (MDR) service, and announced advancements in next-generation automotive cockpits. BB has also participated in several prominent partnerships with industry leaders to expand its portfolio and strengthen its position in the industry. However, the pandemic-led headwinds had been limiting its prospects. Although its strategic moves could position the company for long-term growth, its bleak profit margins and insufficient cash flows are a concern.
