For the readers interested in the stock health of Borqs Technologies Inc. (BRQS). It is currently valued at $2.02. When the transactions were called off in the previous session, Stock hit the highs of $2.36, after setting-off with the price of $2.30. Company’s stock value dipped to $2.01 during the trading on the day. When the trading was stopped its value was $2.41.
Recently in News on December 24, 2020, Borqs Technologies Enters Into Agreements to Extinguish Debt Totaling Approximately $18 Million and to Eliminate Institutional Loans. Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), today reported that the Company has entered into Agreements dated December 14, 2020 with its senior lender and LMFA Financing LLC (“LMFA”), a Florida limited liability company and wholly owned subsidiary of LM Funding America, Inc. (Nasdaq: LMFA), in which LMFA is committed to purchase up to be approximately $18 million of debt in tranches, which when completed will eliminate substantially all of the debt with the Company’s senior lender. LMFA will convert the purchased debt into common shares of the Company, pursuant to a court order that allows the conversion shares to be issued as unrestricted securities in a transaction that is exempt from registration under Section 3(a)(10) of the Securities Act of 1933, as amended. Please refer to the company’s SEC filings for additional information about the transaction. You can read further details here
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Borqs Technologies Inc. had a pretty Dodgy run when it comes to the market performance.
Borqs Technologies Inc. (BRQS) full year performance was -26.41%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Borqs Technologies Inc. shares are logging -75.95% during the 52-week period from high price, and 149.07% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.81 and $8.40.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 9141832 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Borqs Technologies Inc. (BRQS) recorded performance in the market was 104.68%, having the revenues showcasing 100.00% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 88.44M, as it employees total of 556 workers.
The Analysts eye on Borqs Technologies Inc. (BRQS)
During the last month, 0 analysts gave the Borqs Technologies Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.25, with a change in the price was noted +1.00. In a similar fashion, Borqs Technologies Inc. posted a movement of +98.04% for the period of last 100 days, recording 7,048,229 in trading volumes.
Technical rundown of Borqs Technologies Inc. (BRQS)
Raw Stochastic average of Borqs Technologies Inc. in the period of last 50 days is set at 44.35%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 39.27%. In the last 20 days, the company’s Stochastic %K was 50.84% and its Stochastic %D was recorded 61.28%.
Considering, the past performance of Borqs Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 104.68%. Additionally, trading for the stock in the period of the last six months notably improved by 126.69%, alongside a downfall of -26.41% for the period of the last 12 months. The shares increased approximately by -21.40% in the 7-day charts and went down by 69.75% in the period of the last 30 days. Common stock shares were driven by 100.00% during last recorded quarter.