Major Improvements In Boqii Holding Limited ADR (BQ) Stock Need To Be Considered

AMMJ Stock

Boqii Holding Limited ADR (AMEX:BQ) price on Friday, May 31, fall -2.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.43.

A look at the stock’s price movement, the level at last check in today’s session was $0.44. Turning to its 52-week performance, $7.00 and $0.22 were the 52-week high and 52-week low respectively. Overall, BQ moved 43.80% over the past month.

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Boqii Holding Limited ADR’s market cap currently stands at around $2.22 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that BQ is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

BQ’s current price about 15.17% and 40.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.57, while 7-day volatility ratio is 30.91% and 19.59% in the 30-day chart. Further, Boqii Holding Limited ADR (BQ) has a beta value of 0.90, and an average true range (ATR) of 0.07.

If we refocus on Boqii Holding Limited ADR (AMEX:BQ), historical trading data shows that trading volumes averaged 505.89K over the past 3 months. The company’s latest data on shares outstanding shows there are 5.20 million shares.

The 13.09% of Boqii Holding Limited ADR’s shares are in the hands of company insiders while institutional holders own 3.15% of the company’s shares. Current price change has pushed the stock -7.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BQ stock continues to rise going into the next quarter.

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