Borqs Technologies Inc. (BRQS): What is Its Dividend Yield?

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Borqs Technologies Inc. (NASDAQ:BRQS) saw an upside of 0.42% to $0.33 after subtracting $0.0 on Tuesday. The 5-day average trading volume is 1,347,447 shares of the company’s common stock. It has gained $0.3416 in the past week and touched a new high 2 times within the past 5 days. An average of 1,578,412 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,973,311.

BRQS’s 1-month performance is 38.19% or $0.1190 on its low of $0.1925 reached on 12/30/22. The company’s shares have touched a 52-week low of $0.19 and high of $7.36, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, BRQS has achieved 58.58% or $0.1209 and has reached a new high 7 times. However, the current price is down -95.50% from the 52-week high price.


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Valuation Metrics

BRQS stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.24.

Borqs Technologies Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 10.80%. The firm’s gross profit as reported stood at $2.61 million against revenue of $29.56 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income grew 36.46% to -$55.87 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BRQS to announce $0 per share in earnings in its latest quarter, but it posted $1.12. BRQS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 66.05 million, with total debt at $12.67 million.

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 23 January was 66.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 118.36%.

The stock’s 5-day moving average is $0.3167, reflecting a +3.88% or $0.0123 change from its current price. BRQS is currently trading +53.02% above its 20-day SMA, -72.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -31.91% and SMA200 by-89.71%.

Stochastic %K and %D was 89.18% and 84.67% and the average true range (ATR) pointed at 0.0312. The RSI (14) points at 57.07%, while the 14-day stochastic is at 90.50% with the period’s ATR at 0.0331. The stock’s 9-day MACD Oscillator is pointing at 0.0288 and 0.0424 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 $192.00 and a high of $192.00, with their median price target at $192.00. Looking at these predictions, the average price target given by analysts is for Borqs Technologies Inc. (BRQS) stock is $192.00.

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