In this guide, I will provide you with a quick breakdown of what you should expect if you’re considering buying Blackberry shares in the future. Buying shares in blackberry is not only quick but also hassle-free. Read on to discover more, including the six simple steps and some important information you need to buy Blackberry stocks.
Also consider: Best stocks and shares to buy now
Remember, this is just a suggestive Blackberry shares guide and does not amount to or constitute any investment advice. Investing, buying and trading Blackberry stocks risks your hard-earned money and nothing is guaranteed.
- Choose a trading platform. If you’re unsure which one to choose, see my guide to the best trading platforms UK.
- Open an account. You will need your national insurance number, personal ID and bank details.
- Enter payment details. Fund your new trading account via a debit card or bank transfer.
- Search for the stock code on your trading platform. Search for “BB”.
- Research Blackberry shares information. Your trading platform can show you the latest information for Blackberry.
- Now buy your Blackberry shares. Go ahead if you’re happy to buy Blackberry shares.
Blackberry (BB) Live share price
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
With the right broker, you will enjoy the process of purchasing Blackberry shares. As long as you’re using the right platform, the process will only take a few minutes, which range between five and ten.
To buy Blackberry shares, you need a few things, which range from a trusted method of payment and a driving license or passport to a device with a stable internet connection. Here are the six steps that you need to go through to buy Blackberry shares.
Step One: Compare Different Trading Platforms and Pick the Best One
One of the best features of top trading platforms is the vast number of exchanges they can access. Not all trading platforms will provide you with the opportunity to buy Blackberry shares since they do not have access to the New York Stock Exchange. You need to do your own research to find online brokers that allow you to access this top-rated exchange.
Another important thing with a trading platform is that it should perfectly match you. Ensure that the trading platform meets all your needs and requirements, especially in terms of prices. Some trading platforms are indeed expensive when you want to buy just a few shares, while others are free of charge.
You can seek independent advice from experts when it comes to picking the right platform. Experts take into account various factors when recommending the right broker. Some of these factors are the platform fees, accessible markets, past performance, and how straightforward it is to create a trading account.
Security and safety are also important, but you don’t have to worry since all recommended trading platforms are 100% safe. That means your personal information, bank details, and funds are well-protected.
Step Two: Open a Trading Account
After finding the best trading platform in the UK, you need to create an account. Just like opening a regular bank account, creating one on a trading platform is an entirely online process. It is as quick and straightforward on some platforms as creating a Gmail account.
Some brokers will perform a background check on your account before allowing you to use it. And as a result, you’ll have to wait for a couple of days to deposit funds and start buying and selling shares.
Instead of storing cash in your share dealing account, you will store your stocks. So, you need a share dealing account to buy Blackberry shares, store and sell them at a higher price to make a profit.
Step Three: Confirm Your Bank Details and Make a Minimum Deposit
You’ll pay money to buy Blackberry stock. This money must be deposited into your share dealing account, and the best part is that the process is quick and super easy. While bank transfers are the most common deposit options, many investors also use electronic wallets such as PayPal, Skrill and Neteller.
On many online platforms, you can deposit funds to your share dealing account through a credit or debit card and Apple Pay, among other top payment methods. Be sure to choose a deposit method that charges low fees and processes all transactions within the shortest possible time.
Step Four: Search for the Blackberry Stock Code on Your Trading Platform of Choice
After making a minimum deposit, you can now buy Blackberry shares. The first task you need to perform is to log in to your account using one of the latest Apple, Android, Windows or Blackberry devices. Once you access your account, navigate to the trading dashboard and pick Blackberry.
Most trading platforms feature a search field that you can use to find Blackberry ltd. When using a search field, click on the first option once the results appear on the menu. You can find Blackberry through two main options, which include the ticker or the full name. In this case, the ticker is BB. All financial markets use this ticker to represent Blackberry.
Step Five: Research Blackberry Shares
Blackberry is already a popular and trusted tech company worldwide, thanks to its excellent devices. But does that mean it’s the right time to open retail investor accounts and start trading BB stocks?
It’s important to thoroughly research Blackberry ltd before investing in its shares. When researching, you should consider the past and current Blackberry price and the company’s investment strategy.
Other important things you need to find out include the company’s past performance in terms of stock price and its business model, to mention just some of them. Once you have all the fundamental data and you are sure that you cannot lose money when trading Blackberry shares, you can go ahead and buy shares.
Step Six: Buy Blackberry Shares Now
Once you have an account and deposited funds, the last step is to click on the buy button. Log in to your account, search for Blackberry, enter the number of shares you want to purchase and press buy. The buy button initiates the purchase of shares.
When you’re placing your order, you have several order types to pick from. The limit order allows you to specify the exact Blackberry’s share price at which you want to purchase the shares, while the market order purchases at the actual stock price.
A Short History of Blackberry LTD
Initially known as Research In Motion, Blackberry Limited is a mobile communications firm. The company was founded by Doug Fregin and Mike Lazaridis in Waterloo, Ontario, in 1984. Blackberry released its first mobile device in 2002. Between 2002 and 2009, mobile devices from this company quickly became must-have gadgets of technology among both business individuals and the general public.
Starting in early 2010, Blackberry struggled to match other smartphone developers in the market. Six years later, Blackberry announced that it would subcontract all of its hardware productions to other tech firms and focus primarily on software design and development. Currently, the company is attributed with putting Waterloo, Ontario, on the global map as an innovation and technology hub.
The company trades under the BB ticker on several international stocks markets, including the Toronto Stock Exchange and New York Stock Exchange. Blackberry has acquired various companies, including Cylance, one of the most prevalent cybersecurity and artificial intelligence companies globally. The company acquired Cylance in 2018, a deal that signalled a massive investment in the software business of Blackberry.
Blackberry is currently a shadow of its ex-self, not only when it comes to losing most of its market share to Apple and Samsung, but also it’s stock market price capitulation across the past ten years. Over the last decade, the Blackberry stock market has declined significantly, reducing by 98% in 2020.
In early 2021, the Blackberry stock started to come to life. Within a month, the Blackberry stock market price increased by 270%. But in the first months of 2022, the stock market price started to cool down. As the company continues to focus more on software development in 2022, it is easy to predict that its profits will increase, leading to higher dividend payments.
With a vast range of online brokers available nowadays, it is challenging to figure out the right online trading platform to sign up with. While you can depend on personal advice and recommendations from experts, you also need to know some of the aspects to consider when picking a platform that will offer all of its services in a user-friendly manner. These aspects include the following.
Fees and Commissions
Similar to retail investors, you do not want to lose a significant amount of cash in terms of commissions and payment processing charges, as well as other fees like bid-offer spread, FX conversion, inactivity fees, stamp duty and third-party fees, to name just a few.
Before opening an account, making a deposit and purchasing blackberry stock, you must ensure your platform of choice charges anywhere between zero and low fees. Make sure that your broker does not charge high fees that can reduce your next quarterly dividend.
The reputation of a platform strongly indicates its reliability. You should pick a platform that has a good reputation. Since these platforms represent online businesses, you can find a lot of information about their reputation on the internet. When you combine a site’s reputation with reviews that experts provide, you will be sure to find a reputable broker.
Methods of Payment
You might want to purchase shares through bank transfer or any other banking method. All platforms aren’t designed and built the same in terms of payment methods. So before you can start to trade Blackberry shares, check the platform to ensure it offers your favourite banking option, whether it is bank transfer, debit card, PayPal or Skrill.
Range of Stocks
You can use a single platform to purchase a number of shares aside from Blackberry. Some brokers offer a wide range of stocks than other platforms in the UK stock sector. On top of that, many will allow you to trade different assets, like forex.
Trading is done over a given period with the aim of earning a small profit regularly. This means investors can increase their bankrolls faster and spend their earnings. But keep in mind that you can also lose your cash faster.
Experts recommend making investments for a minimum of six months if you are an inexperienced investor. You can trade shares by trading CFDs or share dealing. Trading CFDs allows you to trade against a stock’s value without taking ownership of it.
When you trade stock CFDs, you’re looking to move BB stocks faster to earn profits from short-term fluctuations. Trading CFDs enable you to trade with leverage, making it possible to make money if the stock markets move in your favour. However, you can also lose money when trading CFDs, and that is one of the disadvantages of this method.
On the other hand, share dealing involves buying and storing BB shares over a long period. When you decide to go with share dealing, you are simply looking to profit from an increase in the price of the stock over a given period or dividend payments.
It’s advisable to perform a fundamental analysis of the firm in which you’re investing your money. You want to invest your cash in a stock you strongly believe will trend upwards in the near future, even if there’s market volatility along the way, instead of getting distracted by short-term troughs and peaks.
There are hundreds of trading sites in the online domain, making it difficult to pick the best site—however, no need to worry since experts have already handled the most difficult sections for you. The only remaining task is to navigate to the recommended list of trading platforms and choose one that blends smoothly with your needs and requirements.
Industry professionals use complex instruments to check all the features that trading sites have before they recommend them to you. Technical analysis and complex financial subjects are also important aspects to consider when creating the list of top trading websites in the United Kingdom.
Additional factors that you can also consider are fees and commissions, regulation, payment services and customer support. If you go through the list of top brokers while at the same time considering these features, you will be sure to find a good deal.
To know if the Blackberry shares are undervalued or overvalued, you need to find the P/E ratio. Computing the P/E ratio is quick and easy as you just need to divide the company’s net profit by its outstanding shares. BB shares can only be overvalued if the P/E ratio is higher.
Additional metrics will let you to know if Blackberry shares are undervalued or overvalued are the PEG ratio and EBITDA. The PEG ratio provides room for more insights into the future results, while EBITDA is a measure of the entire Blackberry financial performance.
To be on the right track, you should compare these metrics of Blackberry with those of companies in the same sector.
You can purchase shares in two main ways. The most popular way is to purchase the shares and own them. Another option is derivatives trading.
Through derivatives trading, your trading company can leverage various products such as spread bets and CFDs to mitigate any scepticism about the share price of Blackberry dropping or rising in the future.
While Blackberry started as a famous smartphone developer, this tech firm has almost nothing linked to mobile devices anymore. Currently, its main focus is on three main areas which are autonomous vehicles, the Internet of Things and cybersecurity.
Blackberry offers a number of platforms that combine these three areas. The company develops software that help users integrate information from multiple sources, whether that is multiple sensors in self-driving vehicles, multiple devices connected by IoT or multiple alarms and tripwires making a cybersecurity network.
With the growth in any of these areas, you can guess that the company could make a comeback in the coming few years. However, as an investor in the company, you’ll need to be patient in order to enjoy the fruits of your investment. Most experts believe Blackberry utilises the right technology to meet the biggest trends in the next decade. However, the company still has a lot of issues to solve in order to convince investors.
How Has Blackberry Performed in Recent Years?
Before the WallStreetBets event, Blackberry had been trending negatively regarding share price. From 2012 to 2020, Blackberry stock was only 30%. Driven by retail investor accounts and the WallStreetBets in early 2021, it jumped over 120% in only five days, which was the highest point in ten years.
That wasn’t the end of the rollercoaster ride. After brokers such as Robinhood placed some questionable restrictions on the Blackberry stock, it dropped to 40% within a day in 2021. This is unlikely the end since WallStreetBets investors are lining up for the second attempt.
It depends on your financial goals and the period for seeing the future results. The company has been highly volatile of late because of Reddit investors’ interest. Blackberry’s likelihood of bouncing back when it comes to underlying shares and performance looks a lengthy way off.
Before investing in Blackberry shares, you should understand any significant risk, especially if you want to trade CFDs. Try to use stop-loss orders when it comes to protecting your investment against extreme swings.
The actions of your trading company are also another vital aspect to consider since Blackberry is among the stocks that had several restrictions placed on them. These restrictions were preventing investors from purchasing BB stocks.
Such decisions can have massive implications for Blackberry’s share price and need to be considered. Always follow the latest Blackberry news and share price moves to know if it’s the right time to buy shares.
Before the WallStreetBets event, Blackberry shares remained flat for five years, with no signs of movement. While this was the case with BB shares, other stocks in this industry were experiencing significant growth.
Blackberry has moved away from the mobile design and development field, and it’s currently involved in state-of-the-art technologies like cybersecurity, 5g and AI. When you compute the current P/E ratio, you will conclude that the company is overvalued compared to other firms in the same sector.
Research shows that Blackberry had never paid dividends to stakeholders, even when it was one of the leading stocks in the United States in the early 2000s. Taking into account the firm hasn’t been profitable for almost two years, the chances that it’ll pay dividends in the foreseeable future are minimal.
Types of Blackberry Trading Accounts
Trading sites offer a massive array of accounts for you to pick from. The most popular types of accounts include ISA and SIPP. ISA accounts allow you to enjoy tax-free trading benefits. This means that your profits do not attract any tax.
Is it Worth Purchasing Blackberry Shares?
How Do I Buy Shares Directly in the UK?
The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.