For the readers interested in the stock health of Borqs Technologies Inc. (BRQS). It is currently valued at $1.46. When the transactions were called off in the previous session, Stock hit the highs of $1.50, after setting-off with the price of $1.38. Company’s stock value dipped to $1.37 during the trading on the day. When the trading was stopped its value was $1.38.
Recently in News on February 25, 2021, Borqs Technologies Completes $20 Million Private Placement to Support Growth. Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), reported today that the Company has signed agreements with institutional and individual investors on February 25, 2021 for sale of $20 million in convertible notes. The notes are due in two years, have an annual interest rate of 8%, convertible into ordinary shares of Borqs at 10% discount from the market price and has 90% warrant coverage with the warrants exercisable at 110% of the conversion price. One-third of the notes are sold at the execution of definitive agreements and two-thirds of the notes will be sold upon the satisfaction of certain conditions, including effectiveness of a registration statement to be filed by the Company by April 15, 2021. Proceeds will be used for the procurement of orders the Company expects to receive from its customers this year and also for development of the next generation 5G products. You can read further details here
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Borqs Technologies Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.3500 on 02/16/21, with the lowest value was $0.9800 for the same time period, recorded on 01/04/21.
Borqs Technologies Inc. (BRQS) full year performance was 35.68%
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 -81.40% during the 52-week period from high price, and 80.02% 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 $7.85.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2599612 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 47.94%, having the revenues showcasing 46.73% 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 66.25M, as it employees total of 556 workers.
Market experts do have their say about 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 1.3806, with a change in the price was noted +0.4550. In a similar fashion, Borqs Technologies Inc. posted a movement of +45.27% for the period of last 100 days, recording 8,894,514 in trading volumes.
Technical breakdown of Borqs Technologies Inc. (BRQS)
Raw Stochastic average of Borqs Technologies Inc. in the period of last 50 days is set at 18.53%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 27.69%. In the last 20 days, the company’s Stochastic %K was 31.55% and its Stochastic %D was recorded 39.19%.
Bearing in mind the latest performance of Borqs Technologies Inc., several 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 47.94%. Additionally, trading for the stock in the period of the last six months notably improved by 50.50%, alongside a boost of 35.68% for the period of the last 12 months. The shares increased approximately by 5.80% in the 7-day charts and went down by 12.31% in the period of the last 30 days. Common stock shares were driven by 46.73% during last recorded quarter.