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.
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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.