Baosheng Media Group Holdings Limited (BAOS): A Technical View

At the last check on Friday, Baosheng Media Group Holdings Limited’s (NASDAQ:BAOS) stock was down -$0.13, moving down -24.15 percent to $0.40. The average number of shares traded per day over the past five days has been 1,752,010 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0287 gain in that time frame. In the last twenty days, the average volume was 3,152,813, while in the previous 50 days, it was 1,453,103.

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Since last month, BAOS stock retreated -8.78%. Shares of the company fell to $0.4530 on 05/03/22, the lowest level in the past month. A 52-week high of $5.87 was reached on 04/20/22 after having rallying from a 52-week low of $0.41. Since the beginning of this year, BAOS’s stock price has dropped by -40.90% or -$0.3843, and marked a new high 4 times. However, the stock has declined by -93.16% since its 52-week high.

Valuation Metrics

Right now, Baosheng Media Group Holdings Limited (BAOS) has a P/E ratio of about 25.20. Besides these, the trailing price-to-sales (P/S) ratio of 3.83, the price-to-book (PB) ratio of 0.18.

Financial Health

In the recent quarter, Baosheng Media Group Holdings Limited’s quick ratio stood at 3.90, while its current ratio was 3.90, showing that the company is able to pay off its debt. Based on annual data, BAOS earned $10.65 million in gross profit and brought in $11.91 million in revenue.

Technical Picture

This quick technical analysis looks at Baosheng Media Group Holdings Limited’s (BAOS) price momentum. With a historical volatility rate of 243.78%, the RSI 9-day stood at 43.39% on 12 May.

With respect to its five-day moving average, the current Baosheng Media Group Holdings Limited price is up by +5.95% percent or $0.0287. At present, BAOS shares trade -12.08% below its 20-day simple moving average and -43.38% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.23% below its SMA50 and -77.49% below its SMA200.

Stochastic coefficient K was 16.04% and Stochastic coefficient D was 20.03%, while ATR was 0.1495. Given the Stochastic reading of 16.71% for the 14-day period, the RSI (14) reading has been calculated as 44.78%.

Analyst Ratings

Baosheng Media Group Holdings Limited (BAOS) has been rated – by analysts. According to 0 brokerage firms, BAOS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Baosheng Media Group Holdings Limited stock as buy, with 0 recommending it as overweight.


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