Analysts Say You Should Hold Your Position In Boqii Holding Limited ADR (AMEX: BQ)

Boqii Holding Limited ADR (AMEX:BQ) traded at $0.51 at close of the session on Tuesday, July 02, made an upward move of 3.86% on its previous day’s price.

Looking at the stock we see that its previous close was $0.49 . In terms of its 52-week price range, BQ has a high of $6.17 and a low of $0.22. The company’s stock has gained about 9.13% over that past 30 days.

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Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $44.26 million, with a low of $45.21 million and a high of $45.21 million. The median projection represents growth adding up to -1.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $178.48 million, or 10.00% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BQ stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.

Looking further, we note the current price level is 3.89% off its SMA20 and 26.39% from its 50-day simple moving average. The RSI (14) is pointing at 54.24 while the volatility over the past week is 16.57% and jumps to 22.45% over the past one month. The beta value is 1.01, while the average true range (ATR) is currently pointing at 0.09.

Coming back to Boqii Holding Limited ADR (AMEX:BQ), we note that the average 3-month trading volume was 1.19 million. Current shares outstanding are 5.20 million.

The insiders hold 13.09% of the company’s shares while institutions hold 3.15%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.38% up in year-to-date price movement.

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