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Wall Street Was Disappointed By Borqs Technologies Inc. (NASDAQ: BRQS)’s 3.25% Stock Price Incline

Borqs Technologies Inc. (NASDAQ:BRQS) has a beta value of 1.40 and has seen 1.33 million shares traded in the last trading session. The company, currently valued at $11.35M, closed the last trade at $0.33 per share which meant it gained $0.01 on the day or 3.25% during that session. The BRQS stock price is -2130.3% off its 52-week high price of $7.36 and 42.42% above the 52-week low of $0.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.65 million shares traded. The 3-month trading volume is 2.40 million shares.

Borqs Technologies Inc. (NASDAQ:BRQS) trade information

Sporting 3.25% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the BRQS stock price touched $0.33 or saw a rise of 3.4%. Year-to-date, Borqs Technologies Inc. shares have moved 58.58%, while the 5-day performance has seen it change 23.60%. Over the past 30 days, the shares of Borqs Technologies Inc. (NASDAQ:BRQS) have changed 38.19%. Short interest in the company has seen 1.1 million shares shorted with days to cover at 0.61.

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Wall Street analysts have a consensus price target for the stock at $192.00, which means that the shares’ value could jump 99.83% from current levels. The projected low price target is $192.00 while the price target rests at a high of $192.00. In that case, then, we find that the current price level is -58081.82% off the targeted high while a plunge would see the stock gain -58081.82% from current levels.

Borqs Technologies Inc. (BRQS) estimates and forecasts

The company’s shares have lost -78.29% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 71.20%.

1 analysts offering their estimates for the company have set an average revenue estimate of $28.29 million for the current quarter. 1 have an estimated revenue figure of $73.9 million for the next quarter concluding in Dec 2018.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.30% over the past 5 years.

BRQS Dividends

Borqs Technologies Inc. is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Borqs Technologies Inc. (NASDAQ:BRQS)’s Major holders

Insiders own 7.58% of the company shares, while shares held by institutions stand at 1.49% with a share float percentage of 1.61%. Investors are also buoyed by the number of investors in a company, with Borqs Technologies Inc. having a total of 11 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 93774.0 shares worth more than $0.16 million. As of Jun 29, 2022, Renaissance Technologies, LLC held 0.06% of shares outstanding.

The other major institutional holder is Pathstone Family Office, LLC, with the holding of over 54275.0 shares as of Jun 29, 2022. The firm’s total holdings are worth over $90639.0 and represent 0.04% of shares outstanding.

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