Investors Getting Picky When It Comes To Buying Boqii Holding Limited ADR (BQ)

Boqii Holding Limited ADR (AMEX:BQ) does about 684.01K shares in volume on a normal day but saw 2830123 shares change hands in the recent trading day. The company now has a market cap of 3.69M USD. Its current market price is $0.71, marking an increase of 14.57% compared to the previous close of $0.62. The 52 week high reached by this stock is $3.64 whilst the lowest price level in 52 weeks is $0.22.

Boqii Holding Limited ADR (BQ) has a 20-day trading average at $0.4156 and the current price is -80.49% off the 52-week high compared with 216.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3466 and its 200-day simple moving average is $0.3559. If we look at the stock’s price movements over the week, volatility stands at 25.60%, which decreases to 14.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.42 to suggest the stock is overbought.

The consensus objective for the share price is $58.77, suggesting that the stock has a potential upside of 98.79% over the period.

The current price level is 79.50%, 109.19%, and 100.05% away from its SMA20, SMA50, and SMA200 respectively, with the BQ price moving below the 50-day SMA on current market day. Boqii Holding Limited ADR (BQ) stock is up 76.79% over the week and 132.79% over the past month. Its price is 53.85% year-to-date and -79.18% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2022, with the company’s earnings per share (EPS) of -0.31 above consensus estimates by 0.15. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $37.54M, which analysts say will come at $178.48M for the current fiscal year and next year at $205.76M. In addition, estimates put the company’s current quarterly revenue at an average of $44.26M.

To reach the target analysts have set, the stock logically needs to grow 98.79 percent from here.

Outstanding shares total 5.20M with insiders holding 0.00% of the shares and institutional holders owning 18.44% of the company’s common stock. The beta has a value of 0.96. Price to book ratio is 0.12.