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Borqs Technologies Inc. (BRQS): The stock short term indicators suggest Sell today

How have the shares performed?

Borqs Technologies Inc. (BRQS) saw an uptrend of 0.62% in the recent trading with $0.90 being its most recent. The current price level -73.03% lower than the highest price of $3.35 marked by the stock while trading over the past 52-weeks, whereas it is 11.42% higher than the lowest price of $0.81 the company dropped to over past 52-weeks. The latest news story on BRQS appeared in Benzinga under the title “Borqs Raises $23M Via Institutional Debt For Order Procurement, 5G Project Investment” on May-10-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -34.52% below one month high and is +11.42% above of the lowest during that time. Looking into the simple moving average, Borqs Technologies Inc. (BRQS)’s stock stands at a SMA-50 of $1.3162 while that of 5-day is reading $0.9368.

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 BRQS’s SMA-200 as of now is $1.2302.

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.

Borqs Technologies Inc. Earnings – What Happened With BRQS

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 $28.29 billion while analysts on average were estimating the same to be $28.29 million.

BRQS – Borqs Technologies Inc. Stock Earnings Estimates

The perspective of Borqs Technologies Inc. (NASDAQ:BRQS)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.07.

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 44.89 million. BRQS does have institutional investors; and they hold 4.00% of the stock.

Borqs Technologies 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, BRQS declared 0 shares have been sold in 0 insider transactions over the past three months.

As on Dec 30, 2020, Renaissance Technologies, LLC was the top most holder in Borqs Technologies Inc. (NASDAQ:BRQS) with an ownership of 0.42 million shares of the company or 0.47% of the stake worth $0.41 million. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.10% of the outstanding shares. Its stake is worth $85825.0 for having 86965.0 shares in hand.

Weiss Multi-Strategy Advisers, LLC also came holding a key position in the company during the recent quarter and it now holds 0.07% of the outstanding shares. With this there are now 10 institutions which have possession in BRQS’s shares.

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.

Technical Analysis of Borqs Technologies Inc. (NASDAQ:BRQS) 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 Borqs Technologies Inc. (BRQS), we notice that the stock’s 20-day average volume is at 1,910,215 shares and 100% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 4,240,662 shares. And to end, BRQS’s 100-day average volume is 8,427,032 shares with 50% of the long-term indicators pointing towards Sell for the stock.

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