BB
**By no means is this financial advice, just stating my viewpoint on this security.**
I see no fundamental nor logical reason for BlackBerry to experience any sort of outbreak in price action at any time in the foreseeable future. Though BlackBerry has made quite a few notable acquisitions & partnerships, the company is treading in territories where it'll face extreme competition.
With the company's annual performance from 2020-2021 showing:
- A 25% decline in revenue and an expected 10% fall this fiscal year.
- A 626% fall in net income
- A 745% fall in its profit margin
And multiple other factors lead me to say this security is currently overvalued and we will see it fall hard in the coming weeks. The surge in price action we seen this past trading week for BlackBerry had no reasonable nor fundamental backing and in the coming week(s) we will see a sharp decline in price.
As we've seen before back in January, BlackBerry had a massive increase in price, but it did not hold those levels for too long before the correction happened, and the price returned to single-digit levels, falling down roughly 73% before the end of March.
**Once again none of this is investment advice, just wanted to state my views on where BlackBerry may be headed in the coming weeks/months.**
Happy trading everyone & have a great weekend!
