Borqs Technologies Inc

Company Profile

Borqs Technologies Inc had its IPO on 2017-08-30 under the ticker symbol BRQS.

The company operates in the Technology sector and Software-Application industry. Borqs Technologies Inc has a staff strength of 307 employees.

Stock update

Shares of Borqs Technologies Inc opened at $0.23 at the start of the last trading session i.e. 2023-03-24.

The stocks traded within a range of $0.23 - $0.24, and closed at $0.24.

This is a +2.22% increase from the previous day's closing price.

A total volume of 392,434 shares were traded at the close of the day’s session.

In the last one week, shares of Borqs Technologies Inc have slipped by -5.96%.

Borqs Technologies Inc's Key Ratios

Borqs Technologies Inc has a market cap of $4.30 million, indicating a price to book ratio of 2.2225 and a price to sales ratio of 0.1086.

In the last 12-months Borqs Technologies Inc’s revenue was $47.21 million with a gross profit of $2.61 million and an EBITDA of $-3587000. The EBITDA ratio measures Borqs Technologies Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Borqs Technologies Inc’s operating margin was -7.56% while its return on assets stood at -4.22% with a return of equity of -1252.71%.

In Q2, Borqs Technologies Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 141.2%.

Borqs Technologies Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-3.7 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Borqs Technologies Inc’s profitability.

Borqs Technologies Inc stock is trading at a EV to sales ratio of 0.0265 and a EV to EBITDA ratio of 0.1109. Its price to sales ratio in the trailing 12-months stood at 0.1086.

Borqs Technologies Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$63.60 million

Total Liabilities

$60.13 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

0%

Borqs Technologies Inc ended 2023 with $63.60 million in total assets and $0 in total liabilities. Its intangible assets were valued at $63.60 million while shareholder equity stood at $-8410000.00.

Borqs Technologies Inc ended 2023 with $0 in deferred long-term liabilities, $60.13 million in other current liabilities, in common stock, $-277397000.00 in retained earnings and $12.21 million in goodwill. Its cash balance stood at $18.45 million and cash and short-term investments were $18.45 million. The company’s total short-term debt was $11,119,000 while long-term debt stood at $0.

Borqs Technologies Inc’s total current assets stands at $40.42 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $3.34 million compared to accounts payable of $9.05 million and inventory worth $6.58 million.

In 2023, Borqs Technologies Inc's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Borqs Technologies Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$0.24

52-Week High

$7.36

52-Week Low

$0.193

Analyst Target Price

$12

Borqs Technologies Inc stock is currently trading at $0.24 per share. It touched a 52-week high of $7.36 and a 52-week low of $7.36. Analysts tracking the stock have a 12-month average target price of $12.

Its 50-day moving average was $0.28 and 200-day moving average was $0.85 The short ratio stood at 0.51 indicating a short percent outstanding of 0%.

Around 1590.2% of the company’s stock are held by insiders while 619.2% are held by institutions.