Borqs Technologies Inc. (NASDAQ:BRQS) shares traded 9.68% higher at $0.17 on Wall Street last session.
In accordance with the data, 1 analysts cover Borqs Technologies Inc. (NASDAQ:BRQS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $192.00 and a low of $192.00, we find $192.00. Given the previous closing price of $0.16, this indicates a potential upside of 119900.0 percent. BRQS stock price is now -21.11% away from the 50-day moving average and -52.49% away from the 200-day moving average. The market capitalization of the company currently stands at $30.58M.
It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $192.00 as their price target over the next twelve months.
A total of 15.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BRQS stock. A new stake in Borqs Technologies Inc. shares was purchased by UBS GROUP AG during the first quarter worth $3,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $2,000 in shares of BRQS during the first quarter. In total, there are 15 active investors with 0.60% ownership of the company’s stock.
Borqs Technologies Inc. (NASDAQ: BRQS) opened at $0.1620 on Thursday. During the past 12 months, Borqs Technologies Inc. has had a low of $0.15 and a high of $1.88. The fifty day moving average price for BRQS is $0.2131 and a two-hundred day moving average price translates $0.3541 for the stock.
The latest earnings results from Borqs Technologies Inc. (NASDAQ: BRQS) was released for Dec, 2022. According to the Software – Application Company, earnings per share came in at $1.12, beating analysts’ expectations of $0 by 1.12. This compares to -$37.12 EPS in the same period last year. The net profit margin was -64.80% and return on equity was 392.00% for BRQS. For the current quarter, analysts expect BRQS to generate $28.29M in revenue.
Borqs Technologies Inc.(BRQS) Company Profile
Borqs Technologies, Inc. provides Android-based smart connected devices and cloud service solutions in the United States, India, China, and internationally. It offers commercial grade Android platform software and service solutions to address vertical market segment needs through the targeted BorqsWare software platform solutions. The company’s BorqsWare software platform consists of BorqsWare Client software that has been used in Android phones, tablets, watches, and various Internet-of-things devices; and BorqsWare Server software platform, which includes back-end server software that allows customers to develop their own mobile end-to-end services for their devices. In addition, the company provides IVI solutions, machine to machine solutions, smart appliance solution, mobile operator services, and google mobile services (GMS). It primarily serves mobile chipset manufacturers, mobile device original equipment manufacturers, and mobile operators, as well as product solutions of mobile connected devices for enterprise and consumer applications. The company was founded in 2007 and is headquartered in Kwun Tong, Hong Kong.
