Borqs Technologies, Inc. (NASDAQ:BRQS) concluded the trading on Thursday, Oct 15, with a fall of -8.7% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.38 and 5Y monthly beta was reading 2.03 with its price kept floating in the range of $1.1900 and $1.3800 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that BRQS hit a high price of $8.4 and saw its price falling to a low level of $0.81 during that period. Over a period of past 1-month, stock came adding 22.33% in its value.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Borqs Technologies, Inc. (BRQS) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the BRQS stock which is currently positioned at 0. It further provides that stock’s current price level is 17.59% away from its 20-day simple moving average and is 19.29% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 61.38 while volatility remained at 20.79% over the past week which changes to 12.74% when measuring it over the past month. Beta is valued at 2.03, while measure of average true range or ATR is currently at 0.14. In predicting price targets of as low as $12 and as high as $12, analysts are in agreement on assigning the stock over the next 12 months average price target of $12. Stock’s current price level is 852.38% above from estimated low price target while it is 852.38% below the estimated high; and even if the BRQS’s share succeeded to reach the median price of $12, then the outlook of +852.38% could come to the excitement of the investors.
In comparing Borqs Technologies, Inc. (BRQS)’s stock with other industry players reveals that stock’s latest price change of -8.7% and that of -68.5% over the past 12 months is in competing position with that of Spotify Technology S.A. (SPOT) which saw its stock price raised by 1.53% in the recent trading and went through an increase of 124.39% in past 12-month trading. Industry’s another major player Docusign Inc (DOCU) has jumped 1.41% up in latest trading session, but over the past year has faced a rise of 258.56%, while Thomson Reuters Corp (TRI) is also down -8.7% however its price remained floating in the red at -68.5% over the same period. Borqs Technologies, Inc. has a P/E ratio of 0 against that of Spotify Technology S.A.’s 0 while Docusign Inc is showing 0 for the same. On the other hand, the S&P 500 Index was down -0.15% in the early deals while the Dow Jones Industrial was dealing lower at -0.07%.
Having a second look at Borqs Technologies, Inc. (NASDAQ:BRQS) provides that stock’s average daily trading volume for 3 months was 3.53 Million, while it dropped to 1.73 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 31.3 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 35.38% while it is 19.41% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 70600000 which implies a short ratio of 0.07. This shows up a 0.16% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short declined as it was 183.82 Million in the previous month. Drop of -30% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.