The Waterloo, Ontario- based Research In Motion Limited’s (USA) (NASDAQ:RIMM) estimate for a Q1 operating loss on Thursday, its first since 2004, is producing speculation that failure to deliver a best- selling phone would create losses the remaining part of the year.
Bloomberg compiled data confirms that 31 analysts for the fiscal year ending next March on average project an operating profit of $105 million, 14 estimate a loss. BlackBerry maker operating loss in the first- quarter may total $36.3 million, based on the forecasts.
RIM is fighting with an exodus of Smartphone users to Apple Inc’s (NASDAQ:AAPL) iPhone and Google Inc’s (NASDAQ:GOOG) Android, following product setbacks.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Nokia Corporation (ADR) (NYSE:NOK) increased +1.39% to settle at $2.19, First Solar, Inc. (NASDAQ:FSLR) moved up +3.12% to end at $15.35 while Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) plunged -2.12% to finish on Wednesday at $9.24.
Research In Motion Limited (USA) (NASDAQ:RIMM) began the last trading session with a price of $8.86 and throughout the session climbed at a high of $9.27 but when day-trade ended the stock finally advanced +2.40% to $9.18.
RIMM had a trade volume of 18.21 million shares was higher as compared to average trading capacity of 17.03 million shares.
The stock is ahead its 52 week low with +3.96% and lagging behind from its 52 week high price with -72.63%. RIMM last month stock price volatility remained 5.22%. In its share capital RIMM has 524.16 million outstanding shares among them 443.92 million shares have been floated in market exchange. RIMM stock institutional ownership remained 60.57% while insider ownership included 10.24%.
Shares price of RIMM moved down from its 20 days moving average with -10.50% and remote negatively from 50 days moving average with -19.97%. RIMM current year earnings per share experienced a downfall of -64.95% while its current quarter performance remained -32.85%. Company’s beta coefficient included 1.75. Beta factors measures the amount of market risk associated with market trade.
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