It is Poised to be a Bull Market for Boqii Holding Limited (BQ)

Boqii Holding Limited (NYSE: BQ) stock jumped 58.24% on Friday to $2.69 against a previous-day closing price of $1.70. With 0.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 79070.0 shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.7200 whereas the lowest price it dropped to was $1.7400. The 52-week range on BQ shows that it touched its highest point at $18.78 and its lowest point at $1.33 during that stretch. It currently has a 1-year price target of $18.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BQ was up-trending over the past week, with a rise of 35.18%, but this was up by 39.38% over a month. Three-month performance surged to 28.06% while six-month performance fell -38.70%. The stock lost -85.01% in the past year, while it has lost -49.16% so far this year. A look at the trailing 12-month EPS for BQ yields -7.60 with Next year EPS estimates of -0.97. For the next quarter, that number is -2.04. This implies an EPS growth rate of 77.20% for this year and 22.20% for next year.

Float and Shares Shorts:

At present, 2.51 million BQ shares are outstanding with a float of 0.23 million shares on hand for trading. On Jul 14, 2022, short shares totaled 79170.0, which was 0.52% higher than short shares on Jun 14, 2022. In addition to Mr. Hao Liang as the firm’s Founder, Chairman & CEO, Ms. Yingzhi Tang serves as its Co-CEO, CFO & Director.

Institutional Ownership:

Through their ownership of 3.56% of BQ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.96% of BQ, in contrast to 0.32% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BQ with 4.46% of the stake, JPMorgan Securities LLC holds 551,705 shares worth 551,705. A second-largest stockholder of BQ, Fidelity Management & Research Co, holds 258,561 shares, controlling over 2.09% of the firm’s shares. Barclays Bank Plc is the third largest shareholder in BQ, holding 171,366 shares or 1.38% stake. With a 0.32% stake in BQ, the Fidelity Far East Fund is the largest stakeholder. A total of 39,804 shares are owned by the mutual fund manager. The Fidelity Advisor Emerging Asia Fu, which owns about 0.00% of BQ stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0. Fidelity Inv. Trust – Emerging As holds 0.00% of the stake in BQ, owning 0 shares worth 0.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BQ since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BQ analysts setting a high price target of $119.64 and a low target of $119.64, the average target price over the next 12 months is $119.64. Based on these targets, BQ could surge 4347.58% to reach the target high and rise by 4347.58% to reach the target low. Reaching the average price target will result in a growth of 4347.58% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BQ will report FY 2023 earnings on 06/05/2023. Analysts have provided yearly estimates in a range of -$1.80 being high and -$1.80 being low. For BQ, this leads to a yearly average estimate of -$1.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Boqii Holding Limited surprised analysts by $0.35 when it reported -$0.05 EPS against a consensus estimate of -$0.40. The surprise factor in the prior quarter was $0.20. Based on analyst estimates, the high estimate for the next quarter is -$0.41 and the low estimate is -$0.41. The average estimate for the next quarter is thus -$0.41.

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