Bonso Electronics International Inc. (NASDAQ:BNSO) shares, rose in value on Wednesday, Apr 07, with the stock price up by 44.26% to the previous day’s close as strong demand from buyers drove the stock to $9.89.
Actively observing the price movement in the last trading, the stock closed the session at $6.86, falling within a range of $6.75 – and $12.70. The value of beta (5-year monthly) was 0 whereas the PE ratio was 41.73 over 12-month period. Referring to stock’s 52-week performance, its high was $10.44, and the low was $1.93. On the whole, BNSO has fluctuated by 89.83% over the past month.
We see that BNSO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), no one recommend it as a Buy and no body called the BNSO stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BNSO currently trading nearly 63.51% and 62.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.94, while the 7-day volatility ratio is showing 32.9% which for the 30-day chart, stands at 12.52%. Furthermore, Bonso Electronics International Inc. (BNSO)’s beta value is 0, and its average true range (ATR) is 0.95. The company’s stock has been forecasted to trade at an average price of $7.6 over the course of the next 52 weeks, with a low of $7.6 and a high of $7.6. Based on these price targets, the low is -23.15 off current price, whereas the price has to move -23.15% to reach the yearly target high. Additionally, analysts’ median price of $7.6 is likely to be welcomed by investors because it represents an increase of -23.15% from the current levels.
A comparison of Bonso Electronics International Inc. (BNSO) with its peers suggests the former has fared considerably better in the market. BNSO showed an intraday change of +44.26% in last session, and over the past year, it grew by +329.89%. In comparison, K L A-Tencor Corp (KLAC) has moved higher at +0.42% on the day and was up +134.37% over the past 12 months. On the other hand, the price of Koninklijke Philips Electronics (PHG) has risen 0.72% on the day. The stock, however, is off 49.94% from where it was a year ago. Additionally, there is a gain of 4426% for Carrier Global Corp (CARR) in last trading while the stock has seen an overall apprecation of 329.89% over the past year. The PE ratio stands at 41.73 for Bonso Electronics International Inc., compared to 39.74 for K L A-Tencor Corp, and 39.21 for Koninklijke Philips Electronics. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
Data on historical trading for Bonso Electronics International Inc. (NASDAQ:BNSO) indicates that the trading volumes over the past 10 days have averaged 89.92 Million and over the past 3 months, they’ve averaged 45.23 Million. According to company’s latest data on outstanding shares, there are 4.89 Million shares outstanding.
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Nearly 76.03% of Bonso Electronics International Inc.’s shares belong to company insiders and institutional investors own 3.33% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.1 Million shares as on March 14, 2021, resulting in a short ratio of 0.04. According to the data, the short interest in Bonso Electronics International Inc. (BNSO) stood at 0.02% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 5.82 Million. The stock has risen by +28.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BNSO stock heading into the next quarter.