Borqs Technologies Inc. (BRQS) is ready for next Episode as it posted an annual sales of 29,560 K

A new trading day began on January 24, 2023, with Borqs Technologies Inc. (NASDAQ: BRQS) stock priced at $0.33, down -3.03% from the previous day of trading. During the day, the shares moved up to $0.3369 and dropped to $0.3111 before settling in for the closing price of $0.33. BRQS’s price has ranged from $0.19 to $7.36 over the past 52 weeks.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


Meanwhile, its annual earnings per share averaged 42.70%. With a float of $29.44 million, this company’s outstanding shares have now reached $35.00 million.

The extent of productivity of a business whose workforce counts for 307 workers is very important to gauge.

Borqs Technologies Inc. (BRQS) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Borqs Technologies Inc. is 15.90%, while institutional ownership is 0.60%.

Borqs Technologies Inc. (BRQS) Performance Highlights and Predictions

In its latest quarterly report, released on 6/29/2018, the company reported earnings of $1.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 42.70% per share during the next fiscal year.

Borqs Technologies Inc. (NASDAQ: BRQS) Trading Performance Indicators

Here are Borqs Technologies Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.77

Technical Analysis of Borqs Technologies Inc. (BRQS)

The latest stats from [Borqs Technologies Inc., BRQS] show that its last 5-days average volume of 1.56 million was inferior to 1.73 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 81.69%. Additionally, its Average True Range was 0.03.

During the past 100 days, Borqs Technologies Inc.’s (BRQS) raw stochastic average was set at 12.53%, which indicates a significant decrease from 83.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 115.75% in the past 14 days, which was lower than the 120.87% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.3427, while its 200-day Moving Average is $1.5186. Now, the first resistance to watch is $0.3342. This is followed by the second major resistance level at $0.3485. The third major resistance level sits at $0.3600. If the price goes on to break the first support level at $0.3084, it is likely to go to the next support level at $0.2969. Assuming the price breaks the second support level, the third support level stands at $0.2826.

Borqs Technologies Inc. (NASDAQ: BRQS) Key Stats

With a market capitalization of 11.00 million, the company has a total of 7,198K Shares Outstanding. Currently, annual sales are 29,560 K while annual income is -55,870 K. The company’s previous quarter sales were -14,467 K while its latest quarter income was -72,285 K.


On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...



Don't miss

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Do You Know Why Evolv Technologies (EVLV) Stock Surged Nearly 10% Today?

Today's charts show Evolv Technologies Holdings Inc. (Nasdaq: EVLV)...

5 Best TaaS Stocks to Buy Right Now

TaaS stock refers to a financial asset sold by...

MPLX LP (MPLX) volume exceeds 1.29 million: A new investment opportunity for investors

MPLX LP (NYSE: MPLX) on January 27, 2023, started off the session at the price of $35.00, plunging -0.29% from the previous trading day....

Live Nation Entertainment Inc. (LYV) 20 Days SMA touches 9.65%: The odds favor the bear

January 27, 2023, Live Nation Entertainment Inc. (NYSE: LYV) trading session started at the price of $79.20, that was 1.16% jump from the session...

Can Tempur Sealy International Inc.’s (TPX) hike of 3.83% in a week be considered a lucky break?

On January 27, 2023, Tempur Sealy International Inc. (NYSE: TPX) opened at $38.32, higher 2.60% from the last session. During the day, the shares...


Please enter your comment!
Please enter your name here