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Tag: Borqs Technologies

  • Borqs Technologies, Inc. (BRQS) stock is falling in Pre-market today: What’s Going on?

    Shares of the Borqs Technologies, Inc. (BRQS) stock were continuing the downtrend in the pre-market trading session today on July 27, 2021. BRQS stock price saw a downtrend of 3.50% to drop at $0.70 a share at the time of this writing. The stock went down by 10.14% at the previous closing. Let’s try to figure out the reason behind this bearish sentiment.

    What’s Happening?

    Borqs Technologies, Inc is a technology-related services provider in the People’s Republic of China. There is no press release or any BRQS related news to justify the bearish sentiment. Moreover, no analyst downgrades or shrank targeted per share price of the BRQS stock have been in the recent news. This spreads curiosity among investors who are eager to know the culprit behind the falling BRQS stock price. It is better to look at some previous events of the Borqs Technologies.

    BRQS stock Joint Venture with Chinese Government:

    On July 22, 2021, BRQS stock did announce related to its joint venture with Huzhou, China government. In connection with its joint venture, the Borqs technology received several bids from the real estate developers in order to build a 1.9 million sq.ft 5G industrial park in Huzhou, China for US$110 million. 1.7 million sq.ft. which Huzhou South Taihu New Area government has granted to Borqs stock is included in the $110 million value. This industrial park will comprise of research and office complex, convention centers, manufacturing facilities, and hotels.

    The Borqs JV entity has the responsibility to manage the whole development project. Moreover, it is expecting 20% to 30% ownership of the facilities under this project. The bidding, as well as the selection process, is possible to conclude in the third quarter of 2021.

    BRQS stock Contract with SkyCentrics:

    About a month ago, BRQS stock did announce the initiation of delivery of cellular CTA-2045 EcoPort products to SkyCentrics. This initiation was the result of a previously announced partnership contract between Borqs Technologies and SkyCentrics in October 2020. SkyCentrics is the leading machine learning and artificial intelligence solution provider for optimization in various areas.

    Wrap Up:

    BRQS stock is passing through hard times as far as market sentiment is concerned. The penny stock has a market cap of 89.046 million and a 10,639,791 average volume.

  • Borqs Technologies Inc. (BRQS) stock surged in the premarket trading hours; here’s why

    Borqs Technologies Inc. (BRQS) stock surged in the premarket trading hours; here’s why

    Borqs Technologies Inc. or (BRQS stock) has displayed a surge in the share prices by 27.63% in the premarket trading session which led it to trade at $1.27 at the last check. BRQS stock previously closed the session on Wednesday gaining 11.18% to $1.00. The BRQS stock volume traded 14.95 million shares, which according to the average daily volume of 3.18 million shares within the past 50 days, is very high. BRQS stock has shed -25.18% in the past year up to date, and in the past week, it has moved up by 13.74%. Furthermore, Borqs Technology is currently valued in the market at $89.06 million and has 115.16 million outstanding shares.

    Here’s all that you need to know about the operational portfolio of Borqs Technologies Inc.

    Borqs Technologies is a software application company that specifically works on designing and developing software services and products. This software development service establishes the platform for the company to provide Android-based smart connected devices as well as cloud services solutions. BRQS stock provides these two segments of product offering and operations in the market space of The People’s Republic of China, the United States of America, and internationally.

    The company android segment provides commercial grade Android platform software and service solutions which are targeted towards the vertical market segment. The android lead solutions platform is known as BorqsWare software. BorqsWare software consists of client based software known as BorqsWare Client software which is used in Android phones, tablets, different IoT devices, and watches. The Server software platform for cloud services allows customers to have free space in developing end-to-end services for their devices. The clientele base of the company includes Chipset manufacturers and sellers, manufacturers of mobile equipment, mobile operators and software/product solution for mobile connected devices for enterprise and consumer applications.

    The company has its origin in 2007 and has been headquartered in Beijing, China.

    Recent initiation of a contract with SkyCentrics for supply and delivery of CTA-2045 EcoPorts

    BRQS stock made a recent announcement regarding the initiation of delivery of a sales contract that had been made. This contract was made with SkyCentrics as the client that will have a supply and delivery from BorqsWare for cellular CTA-2045 EcoPort products.

    This contract was made during October 2020 in which SkyCentric and BorqsWare recognized each other as potential strategic partners and collaborated. SkyCentric brings about one of the leading machine learning and artificial intelligence services in the United States for open standard power grid optimization in the U.S. This company focuses on energy-efficient, carbon optimized, and air quality products and services for its projects and clients.

    The adoption of CTA-2045 EcoPorts is for the adoption of an important role in the upcoming new generations of smart cities. These smart cities use smart and electronic methods and sensors to keep aware of the status of their energy and power output and monitoring these outputs for better efficiency especially on the grid loads.

    Early selection of CTA-2045 EcoPort empowered water warmers has been in progress in low-pay multi-family sun-based solar energy and capacity networks in Hawaii. Business and private business sectors in structures and force matrix improvement can reach $154 billion constantly 2026, as per Verified Market Research in their investigation known as “Global Building Automation System Market Size By Technology, By System, By Application, By Geographic Scope And Forecast (Aug 2020).