The Bullseye Now Turns To BlackBerry Limited (BB), Integrated Device Technology, Inc. (IDTI)

A look at BB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 48.05 point. Its trading volume has lost -2148242 shares compared to readings over the past three months as it recently exchanged 2311758 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4460000 shares, and this is 0.52 times the normal volume.

BlackBerry Limited (NYSE:BB) dipped by -18.16% over the past three months which led to its overall six-month decrease to stand at -24.98%. The equity price rose 4.7% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -3.69% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -44.62% and is now up by 6.47% since start of this year.

The shares of BlackBerry Limited dropped by -47.97% or -$6.98 from its last recorded high of $14.55 which it attained on January 16 to close at $7.57 per share. Over the past 52 weeks, the shares of BlackBerry Limited has been trading as low as $6.57 before witnessing a massive surge by 15.22% or $1. This price movement has led to the BB stock receiving more attention and has become one to watch out for. It jumped by 0.66% on Sunday and this got the market excited. The stock’s beta now stands at 2.05 and when compared to its 200-day moving average and its 50-day moving average, BB price stands -24.29% below and -8.19% below respectively. Its average daily volatility for this week is 2.74% which is less than the 4.34% recorded over the past month.

Experts from research firms are bullish about the near-term performance of BlackBerry Limited (BB) with most of them predicting a $10.31 price target on a short-term (12 months) basis. The average price target by the analysts will see a 36.2% rise in the stock and would lead to BB’s market cap to surge to $5.61B. The stock has been rated an average 2.8, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 14 analysts that track BlackBerry Limited (NYSE:BB) and find out that 6 of them rated it as a Hold. 5 of the 8 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Integrated Device Technology, Inc. (NASDAQ:IDTI) currently stands at $48.43 after it went up by $0.14 or 0.29% and has found a strong support at $48.31 a share. If the IDTI price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $48.18 mark would also be bad for the stock as it means that the stock would plunge by 0.52% from its current position. However, if the stock price is able to trade above the resistance point around $48.5, then it could likely surge higher to try and break the upward resistance which stands at $48.56 a share. Its average daily volatility over the past one month stands at 0.48%. The stock has plunged by 0.37% from its 52-weeks high of $48.25 which it reached on Nov. 12, 2018. In general, it is 44.33% above its 52-weeks lowest point which stands at $26.96 and this setback was observed on Aug. 02, 2018.

Analysts have predicted a price target for Integrated Device Technology, Inc. (IDTI) for 1 year and it stands at an average $47.5/share. This means that it would likely increase by -1.92% from its current position. The current price of the stock has been moving between $48.25 and $48.44. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $43. On the other hand, one analyst is super bullish about the price, setting a target as high as $49.

The IDTI stock Stochastic Oscillator (%D) is at 54.77%, which means that it is currently neutral. The shares P/S ratio stands at 6.88 which compares to the 11.59 recorded by the industry or the 2.67 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 22.96, which is lower than the 48.43 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 110% over the past five years.

Analysts view Integrated Device Technology, Inc. (NASDAQ:IDTI) as a Hold, with 2.9 consensus rating. Reuters surveyed 11 analysts that follow IDTI and found that 10 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Integrated Device Technology, Inc. (IDTI) shares or sell it if they already own it.