Boqii Holding Limited ADR Forecast: Reassessing The Past

Boqii Holding Limited ADR (AMEX:BQ) concluded the trading at $0.53 on Thursday, June 13 with a rise of 4.60% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.50. Considering stock’s 52-week price range provides that BQ hit a high price of $7.00 and saw its price falling to a low level of $0.22 during that period. Over a period of past 1-month, stock came adding 50.86% in its value.

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In contrast, when we review BQ stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the BQ stock which is currently positioned at 0. It further provides that stock’s current price level is 26.98% away from its 20-day simple moving average and is 56.13% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 63.25 while volatility remained at 24.98% over the past week which changes to 24.48% when measuring it over the past month. Beta is valued at 0.99, while measure of average true range or ATR is currently at 0.08.

Having a second look at Boqii Holding Limited ADR (AMEX:BQ) provides that stock’s average daily trading volume for 3 months was 775.17K. Number of outstanding shares of the stock stood at 5.20 million.

The percentage of outstanding shares held by the insiders is 13.09% while it is 3.15% for the institutional holders. Addition of 14.41% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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