BSQUARE Corporation (NASDAQ:BSQR) price on Friday, August 06, fall -2.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.86.
A look at the stock’s price movement, the close in the last trading session was $2.92, moving within a range at $2.85 and $2.96. The beta value (5-Year monthly) was 1.75. Turning to its 52-week performance, $11.83 and $1.10 were the 52-week high and 52-week low respectively. Overall, BSQR moved -40.54% over the past month.
BSQUARE Corporation’s market cap currently stands at around $38.24 million, with investors looking forward to this quarter’s earnings report slated for May 13, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BSQR is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend BSQR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BSQR’s current price about -11.91% and -9.82% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.09, while 7-day volatility ratio is 7.42% and 11.09% in the 30-day chart. Further, BSQUARE Corporation (BSQR) has a beta value of 1.70, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $12.00, forecast between a low of $12.00 and high of $12.00. Looking at the price targets, the low is -319.58% off current price level while to achieve the yearly target high, price needs to move -319.58%. Nonetheless, investors will most likely welcome a -319.58% jump to $12.00 which is the analysts’ median price.
In the market, a comparison of BSQUARE Corporation (BSQR) and its peers suggest the former has performed considerably weaker. Data shows BSQR’s intraday price has changed -2.05% in last session and 100.00% over the past year. Comparatively, Adobe Inc. (ADBE) has moved -0.11% on the day and only 36.04% in the past 12 months. Looking at another peer, we see that Avnet Inc. (AVT) price has gained 1.58% on the day. However, the stock is 44.54% off its price a year ago. Moreover, Alphabet Inc. (GOOGL) is also down -0.38% in trading on the day while keeping a an uptrend of 80.39% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on BSQUARE Corporation (NASDAQ:BSQR), historical trading data shows that trading volumes averaged 2.31 million over the past 10 days and 9.88 million over the past 3 months. The company’s latest data on shares outstanding shows there are 13.19 million shares.
The 5.60% of BSQUARE Corporation’s shares are in the hands of company insiders while institutional holders own 31.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.27 million on Apr 14, 2021, giving us a short ratio of 0.41. The data shows that as of Apr 14, 2021 short interest in BSQUARE Corporation (BSQR) stood at 2.04% of shares outstanding, with shares short rising to 0.21 million registered in Mar 14, 2021. Current price change has pushed the stock 88.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BSQR stock continues to rise going into the next quarter.