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Three Blackberry Z10 devices are set up for a photo during a press event at a Rogers store in Toronto on Feb. 5, 2013.The Globe and Mail

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BlackBerry Ltd. appears to be on the comeback trail. Shares over the past five days have surged roughly 20 per cent, as speculation grows that the stock has been too beaten up – particularly with new CEO John Chen at the helm.

Some of the optimism stems from a number of changes Mr. Chen has announced for the smartphone maker. For instance, the company this week said it was selling off some of its real estate holdings. It also received a shot of confidence from Citron Research, a short-selling firm, that stated shares could soon double.

Does the rally have staying power – or is it a set up for disaster in what is still a highly speculative stock? This StockReports+ report suggests investors better keep their optimism in check.

StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. BlackBerry's average core is 4 out of 10. While that's relatively in line with the broader market, it was downgraded from a score of 6 as of Dec. 29 of last year.

Read more in this comprehensive report.

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