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Borqs Technologies Inc. (NASDAQ:BRQS) Climbs 42.70% In 2022; Is It Attractive Enough At $0.69?

In last trading session, Borqs Technologies Inc. (NASDAQ:BRQS) saw 1.34 million shares changing hands with its beta currently measuring 1.13. Company’s recent per share price level of $0.69 trading at -$0.04 or -5.95% at ring of the bell on the day assigns it a market valuation of $14.62M. That closing price of BRQS’s stock is at a discount of -1700.0% from its 52-week high price of $12.42 and is indicating a discount of -1.45% from its 52-week low price of $0.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.36 million shares which gives us an average trading volume of 3.14 million if we extend that period to 3-months.

Borqs Technologies Inc. (NASDAQ:BRQS) trade information

Upright in the red during last session for losing -5.95%, in the last five days BRQS remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $0.69 price level, adding 30.23% to its value on the day. Borqs Technologies Inc.’s shares saw a change of -88.48% in year-to-date performance and have moved -33.34% in past 5-day. Borqs Technologies Inc. (NASDAQ:BRQS) showed a performance of -42.30% in past 30-days. Number of shares sold short was 0.9 million shares which calculate 0.24 days to cover the short interests.

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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.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -13.30% during past 5 years.

BRQS Dividends

Borqs Technologies Inc. is more likely to be releasing its next quarterly report in October 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 7.58% of company’s total shares while institution are holding 0.77 percent of that, with stock having share float percentage of 0.84%. Investors also watch the number of corporate investors in a company very closely, which is 0.77% institutions for Borqs Technologies Inc. that are currently holding shares of the company. Pathstone Family Office, LLC is the top institutional holder at BRQS for having 62462.0 shares of worth $0.22 million. And as of Mar 30, 2022, it was holding 0.04% of the company’s outstanding shares.

The second largest institutional holder is Virtu Financial LLC, which was holding about 37425.0 shares on Mar 30, 2022. The number of shares represents firm’s hold over 0.03% of outstanding shares, having a total worth of $0.13 million.

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