In last trading session, Borqs Technologies Inc. (NASDAQ:BRQS) saw 3.15 million shares changing hands with its beta currently measuring 1.98. Company’s recent per share price level of $0.37 trading at -$0.03 or -8.51% at ring of the bell on the day assigns it a market valuation of $41.95M. That closing price of BRQS’s stock is at a discount of -805.41% from its 52-week high price of $3.35 and is indicating a premium of 5.41% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.78 million shares which gives us an average trading volume of 3.43 million if we extend that period to 3-months.
For Borqs Technologies Inc. (BRQS), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Borqs Technologies Inc. (NASDAQ:BRQS) trade information
Upright in the red during last session for losing -8.51%, in the last five days BRQS remained trading in the red while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $0.37 price level, adding 11.06% to its value on the day. Borqs Technologies Inc.’s shares saw a change of -0.64% in year-to-date performance and have moved -5.13% in past 5-day. Borqs Technologies Inc. (NASDAQ:BRQS) showed a performance of -13.95% in past 30-days. Number of shares sold short was 2.0 million shares which calculate 1.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $12.00 to the stock, which implies a rise of 96.92% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -3143.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3143.24% for stock’s current value.
Borqs Technologies Inc. (BRQS) estimates and forecasts
This year revenue growth is estimated to rise 71.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $28.29 million for the same. And 1 analysts are in estimates of company making revenue of $73.9 million in the next quarter that will end on Dec 2018.
Borqs Technologies Inc. is more likely to be releasing its next quarterly report in February and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Borqs Technologies Inc. (NASDAQ:BRQS)’s Major holders
Insiders are in possession of 4.41% of company’s total shares while institution are holding 11.24 percent of that, with stock having share float percentage of 11.76%. Investors also watch the number of corporate investors in a company very closely, which is 11.24% institutions for Borqs Technologies Inc. that are currently holding shares of the company. Citadel Advisors LLC is the top institutional holder at BRQS for having 0.67 million shares of worth $0.4 million. And as of Sep 29, 2021, it was holding 0.46% of the company’s outstanding shares.
The second largest institutional holder is Virtu Financial LLC, which was holding about 0.33 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 0.22% of outstanding shares, having a total worth of $0.19 million.