STOCKS TELEGRAPH

Tag: BRQS

  • Borqs Technologies Inc. (BRQS) Continues to Rise Premarket. Here’s why?

    Borqs Technologies Inc. (BRQS) stock has continued its uptrend into today’s premarket with shares adding a further 4.45%, on April 21. At the last check, the stock was trading at $0.3284 apiece while the number of shares exchanged was 1.7 million. BRQS was able to increase by a nice 31.11% in the prior trading session to close the day at $0.3144 a share.

    The company recently reached a licensing deal with Qualcomm to design and manufacture 5G products based on QCOM’s technology. Investors seem to have continued their positive response to the news since there is no other announcement. Moreover, stock sentiment and social media chatter might also have a role in the bullish trend.

    Source: The Indian Express

    BRQS and QCOM Agreement

    The company recently revised its licensing agreement with QCOM, which now includes a 5G patent licensing agreement as well. This will allow BRQS to develop 5G products based on the latest technologies of QCOM.

    This new deal came soon after the company won a design from the largest mobile operator and a Fortune 500 company in India. As per the contract, the company will develop a Linux laptop leveraging the Qualcomm chipset with cellular connectivity. Comparatively, most laptops today support Wi-Fi connectivity only and run with Windows OS.

    Market Analysis

    BRQS is a company with paws in software technology and innovative clean energy with market including 5G services tech, IoT, EV & smart home technologies as well as solar energy.

    Analyzing the global 5G services market, it is expected to register a CAGR of 52% from 2020 to 2030. According to a study by Grand View Research, the market is expected to reach $1.67 trillion by 2030. While technological advancement is a key factor contributing to the growth, the ever-increasing demand for enhanced mobile connectivity is expected to boost the market further. As the world becomes more and more dependent on technology and the internet, demand for higher data speeds is rising exponentially.

    How Does It Look for BRQS?

    While the 5G market alone is full of huge opportunities, BRQS has many reasons to be considered a company poised for much growth. While its micro-electronics business continues to grow, the company’s solar energy storage unit also has great prospects as fuel prices surged. Not only this, but the company is even working on developing EV chargers and smart home products with its subsidiaries.

    Conclusion

    BRQS stock after having added a huge 84.62% in the past five days has continued its rise in today’s premarket. Investors are still celebrating its new licensing agreement which includes 5G. But given the huge rally, it seems the stock will most likely fall under corrections soon.

  • New Low in Borqs Technologies Inc. (BRQS) stock Gives Rise to a Comeback After Hours

    The 5G wireless and Internet of Things (IoT) solutions provider, Borqs Technologies Inc. (BRQS) has recently been trying its hands in the EV industry. With the recent EV boom, BRQS decided it was time for portfolio expansion into the EV market. Thus, the company’s agreement with Cheyin Intelligent Technologies was its first step in the automobile and EV smart cockpit market. Further expanding its position in the market, the company now plans to develop smart products for the EV and smart home markets.

    Source: BYD USA

    BRQS Price Analysis

    BRQS has had a bearish sentiment for over two weeks if not more. Even though the company came out with news of its smart products for EV and smart home markets on March 30, 2022, the stock still continued to trod in the red. Thus, following its continued downfall, the stock finally made a comeback in the after-hours on Friday. This rebound was a result of the stock’s slide down to a new low of $0.19 in the prior session. Hence, closing just above the new low at $0.21, BRQS reached a value of $0.22 in the after hours.

    Given that the latest news did not impact the stock much, it seems the latest rebound was also caused by external factors. Investors are most likely responding to the dip and are stocking up at a low price.

    Company Performance Overview

    As per the latest announcement, the company has decided to jointly develop smart products for the EV and smart home market along with Holu Hou Energy LLC (HHE). HHE is BRQS’ recently acquired subsidiary in the U.S. while the company itself is based in China.

    Henceforth, the new clean energy solutions will result in additional revenue streams for the company.

    Earlier in February, the company also won a contract from a Fortune 500 company in India. BRQS will design and develop a Linux laptop featuring the Qualcomm chipset with cellular connectivity for India’s largest mobile operator.

    BRQS’s Nasdaq Non-compliance

    Given the bid price of below $1.00, BRQS had been in non-compliance with Nasdaq’s minimum bid requirement for continued listing. Expiring the previously given grace period of 180 days, the company has now received an extension till August 15, 2022, to regain compliance.

    2021 & 2022 Revenue Expectations

    As per the company’s guidance, BRQS is looking forward to 30% YOY growth in 2021 revenue to $31-$35 million.

    Furthermore, the company also expects continued growth in 2022 to anticipated revenue of between $45 and $55 million for the year. The full-year financial consolidation of HHE is expected to contribute $40-$50 million in 2022.

  • 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).

  • What Software Application Sector can offer?

    What Software Application Sector can offer?

    In the stock market this year, software stocks show strong development. The software has ‎become a ‎fundamental part of how many things function, so logically, it has become a ‎fundamental part of how a ‎lot of things work. This is why companies have boosted corporate ‎investments in digital acceleration as ‎a result of the coronavirus pandemic. The stock ‎market is seeing a record year for many of the top ‎software stocks. Enterprise software-as-‎a-service (SaaS), cloud computing, and cybersecurity are key ‎areas of interest. All of them ‎improve our way of working in the digital space.

 ‎
    ‎ ‎
    There were plenty of headline-grabbing buyouts and massive new funds for the US private ‎equity ‎industry this year. It was a year of a lot of unusual and unprecedented events, as we ‎all know. ‎Following March’s coronavirus outbreak, buyout investors spent the rest of 2020 ‎dealing with the ‎shockwaves.

 ‎
    ‎ ‎
    Over the past few years or so, private equity companies have demonstrated an increasing ‎acceptance ‎of the software sector, trailing in industry leaders’ footsteps. That persisted in ‎‎2020, with the ‎percentage of US PE investments hitting an all-time high in the information ‎technology industry. ‎Buyers migrated to all types of tech companies this year, with the ‎public market’s surprising resilience ‎during the pandemic being partly attributed to a surge ‎in tech stocks.
 ‎‎

    Riot Blockchain Inc. (NASDAQ:RIOT) shares were trading up 32.65% at $14.65 at ‎the time of writing on Tuesday after reporting an expected 65% increase in bitcoin mining hash rate ‎capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers ‎from Bitmain Technologies Limited.

    Riot Blockchain Inc. (NASDAQ:RIOT) share price went from a low point around ‎‎$0.51 to briefly over $11.85 in past 52 weeks, though shares have since pulled back to $14.65. RIOT ‎market cap has remained high, hitting $771.50M at the time of writing, giving it price-to-sales ratio of ‎more than 90.

    ‎Ideanomics Inc. (IDEX) last closed at $2.14, in a 52-week range of $0.28 to $4.75. ‎the firm on December 15, 2020 declared its Mobile Energy Global (MEG) division’s sales activities for ‎the month of November.

    ‎Aurora Mobile Limited (JG) stock soar by 50.16% to $4.79 after declaring a ‎partnership with a global leading new energy vehicle manufacturer to deliver an enhanced intelligent ‎driving experience. The most recent rating by Goldman, on March 06, 2019, is at a Neutral.

    Luminar Technologies Inc (NASDAQ:LAZR) Shares headed rising, higher as much ‎as 6.32%. The most recent rating by Deutsche Bank, on December 18, 2020, is at a Buy.

    ‎Uber Technologies Inc. (NYSE:UBER) rose 3.82% after gaining more than $1.98 ‎on Tuesday. The company on December 9, 2020 revealed the pricing of $1.0 billion convertible senior ‎notes offering.

    ‎Cloudera Inc. (CLDR) last closed at $14.64, in a 52-week range of $4.76 to $14.20. ‎The firm reported on December 4, 2020 that total revenue for the third quarter was $217.9 million, an ‎increase of 10% as compared to the third quarter of fiscal 2020. Analysts have a consensus price target ‎of $14.50.

    ‎Slack Technologies Inc. (WORK) stock soar by 0.73% to $42.88. On December 2, ‎‎2020, the company released strong third quarter fiscal year 2021 results. The most recent rating by ‎Morgan Stanley, on December 09, 2020, is at an Equal-weight.

    ‎salesforce.com inc. (NYSE:CRM) Shares headed rising, higher as much as 2.08%. ‎The company declared a partnership with IBM to help organizations and individuals verify vaccine and ‎health status The most recent rating by BofA Securities, on December 16, 2020, is at a Buy.

    ‎ZoomInfo Technologies Inc. (NASDAQ:ZI) rose 5.23% after gaining more than ‎‎$2.31 on Tuesday after revealing that it has won three more Comparably Awards for company culture ‎excellence in 2020.

    ‎Phunware Inc. (PHUN) last closed at $1.01, in a 52-week range of $0.54 to $3.00 ‎following a new release of its mobile application software, Healthy Spaces, on Google Play for ‎Android.

    ‎Exela Technologies Inc. (XELA) stock drop by -7.12% to $0.40. The company on ‎December 17, 2020 revealed that it has entered into a 5-year, $145 million term loan facility with ‎Angelo Gordon, a global alternative investment firm. The most recent rating by Morgan Stanley, on ‎January 16, 2019, is at an Equal-weight.

    Fastly Inc. (NYSE:FSLY) Shares headed rising, higher as much as 3.52%. The most ‎recent rating by Credit Suisse, on November 25, 2020, is at a Neutral.

    ‎RealPage Inc. (NASDAQ:RP) rose 0.23% after gaining more than $0.2 on Tuesday ‎after announcing that it has entered into a definitive agreement to be acquired by Thoma Bravo

    ‎Snowflake Inc. (SNOW) last closed at $341.16, in a 52-week range of $208.55 to ‎‎$429.00. Analysts have a consensus price target of $302.57.

    Borqs Technologies Inc. (BRQS) stock soar by 1.90% to $1.07. On December 2, ‎‎2020, the firm reported that the it has signed the official agreement for cooperation with the Huzhou ‎South Taihu New Area for a 5G Industrial Park Project.