What Analysts Say about the Borqs Technologies Inc. (BRQS) Stock

Borqs Technologies Inc. (NASDAQ:BRQS) saw a downside of -1.47% to close Tuesday at $0.53 after subtracting -$0.01 on the day. The 5-day average trading volume is 2,427,860 shares of the company’s common stock. It has gained $0.5700 in the past week. An average of 2,954,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,766,772.

BRQS’s 1-month performance is -29.91% or -$0.2617 on its low of $0.4919 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.49 and high of $3.35, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, BRQS has lost -46.38% or -$0.4577. However, the current price is down -84.20%% from the 52-week high price.


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Valuation Metrics

Borqs Technologies Inc. (BRQS) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.BRQS stock has a beta of 2.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.24 while the price-to-book (PB) in the most recent quarter is 7.56.

Borqs Technologies Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.20 meaning that BRQS stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 6.70%. The trailing 12-month EBITDA margin is -128.28%. The firm’s gross profit as reported stood at $1.6 million against revenue of $26.75 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected BRQS to announce $0 per share in earnings in its latest quarter, but it posted $0.07. BRQS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 98.4 million, with total debt at $3.81 million

Technical Picture

Let’s look briefly at Borqs Technologies Inc. (BRQS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 28.95% to suggest the stock is trending oversold, with historical volatility in this time period at 59.72%.

The stock’s 5-day moving average is $0.5436, reflecting a +1.05% or $0.0055 change from its current price. BRQS is currently trading -27.56% above its 20-day SMA, -39.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -32.76% and -49.60% respectively.

Stochastic %K and %D was 21.82% and 25.22% and the average true range (ATR) pointed at 0.0396. The RSI (14) points at 30.58%, while the 14-day stochastic is at 18.02% with the period’s ATR at 0.0425. The stock’s 9-day MACD Oscillator is pointing at -0.0147 and -0.0466 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for BRQS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BRQS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is BRQS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $12.00 and a high of $12.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Borqs Technologies Inc. (BRQS) stock is $12.00.

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