BOQI International Medical Inc. (BIMI): The stock short term indicators are indicating Buy today

How have the shares performed?


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BOQI International Medical Inc. (BIMI) saw downtrend of -16.59% in the recent trading with $1.86 being its most recent. The current price level -65.43% lower than the highest price of $5.38 marked by the stock while trading over the past 52-weeks, whereas it is 24.00% higher than the lowest price of $1.50 the company dropped to over past 52-weeks. The latest news story on BIMI appeared in GlobeNewswire under the title “BOQI International Medical Announces Closing of the Acquisition of Chaohu Zhongshan Minimally Invasive Hospital” on Feb-10-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -33.81% below one month high and is +0.54% above of the lowest during that time. Looking into the simple moving average, BOQI International Medical Inc. (BIMI)’s stock stands at a SMA-50 of $1.9479 while that of 5-day is reading $2.1999.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BIMI’s SMA-200 as of now is $2.0672.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

BOQI International Medical Inc. Earnings – What Happened With BIMI

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $3.09 billion.

BIMI – BOQI International Medical Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 10.51 million. BIMI does have institutional investors; and they hold 10.10% of the stock.

BOQI International Medical Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, BIMI declared 0 shares have been sold in 0 insider transactions over the past three months.

As on Dec 30, 2020, Geode Capital Management, LLC was the top most holder in BOQI International Medical Inc. (NASDAQ:BIMI) with an ownership of 17839.0 shares of the company or 0.15% of the stake worth $29791.0. The filing also reveals Sigma Planning Corp as the second largest holder in the company with a control over 0.13% of the outstanding shares. Its stake is worth $24549.0 for having 14700.0 shares in hand.

Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by BOQI International Medical Inc. was 1.02 while posting a debt to equity ratio of 0.36.

Technical Analysis of BOQI International Medical Inc. (NASDAQ:BIMI) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for BOQI International Medical Inc. (BIMI), we notice that the stock’s 20-day average volume is at 2,513,955 shares and 50% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 1,597,694 shares. And to end, BIMI’s 100-day average volume is 2,140,129 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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