Borqs Technologies Inc. (NASDAQ: BRQS) stock jumped 3.29% on Wednesday to $0.25 against a previous-day closing price of $0.24. With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.82 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.2489 whereas the lowest price it dropped to was $0.2311. The 52-week range on BRQS shows that it touched its highest point at $4.68 and its lowest point at $0.19 during that stretch. Beta for the stock currently stands at 1.68.
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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 BRQS was up-trending over the past week, with a rise of 9.77%, but this was up by 8.08% over a month. Three-month performance surged to 6.31% while six-month performance fell -47.64%. The stock lost -91.94% in the past year, while it has gained 18.26% so far this year.
Float and Shares Shorts:
At present, 57.18 million BRQS shares are outstanding with a float of 51.62 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.11 million, which was 5.95% higher than short shares on Mar 30, 2023. In addition to Mr. Sek Yuen Chan as the firm’s Founder, Chairman, CEO & Pres, Mr. Henry Sun serves as its Chief Financial Officer.
Through their ownership of 6.19% of BRQS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.48% of BRQS, in contrast to 0.04% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BRQS with 2.26% of the stake, Millennium Management LLC holds 421,936 shares worth 421,936. A second-largest stockholder of BRQS, GSA Capital Partners LLP, holds 86,300 shares, controlling over 0.46% of the firm’s shares. HRT Financial LLC is the third largest shareholder in BRQS, holding 54,946 shares or 0.30% stake. With a 0.04% stake in BRQS, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 7,860 shares are owned by the mutual fund manager.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $47.21M while operating income stood at -$4.11M. EBITDA for the full year was -$2.51M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRQS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRQS analysts setting a high price target of $192.00 and a low target of $192.00, the average target price over the next 12 months is $192.00. Based on these targets, BRQS could surge 76700.0% to reach the target high and rise by 76700.0% to reach the target low. Reaching the average price target will result in a growth of 76700.0% 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.
Summary of Insider Activity:
Insiders traded BRQS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.