The stock price of Boqii Holding Limited ADR (AMEX: BQ) has dropped by -9.40 compared to previous close of 0.49. Despite this, the company has seen a fall of -10.10% in its stock price over the last five trading days. prnewswire.com reported 2024-10-29 that SHANGHAI, Oct. 29, 2024 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in China, today announced that it filed its annual report on Form 20-F (the “Annual Report”) for the fiscal year ended March 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on October 29, 2024. The Annual Report can be accessed on the Company’s investor relations website at http://ir.boqii.com/ and on the SEC’s website at https://www.sec.gov/.
Is It Worth Investing in Boqii Holding Limited ADR (AMEX: BQ) Right Now?
Moreover, the 36-month beta value for BQ is 1.11. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BQ is 8.56M and currently, short sellers hold a 0.51% of that float. On November 26, 2024, BQ’s average trading volume was 815.48K shares.
BQ’s Market Performance
The stock of Boqii Holding Limited ADR (BQ) has seen a -10.10% decrease in the past week, with a 4.64% rise in the past month, and a 44.65% gain in the past quarter. The volatility ratio for the week is 17.98%, and the volatility levels for the past 30 days are at 16.20% for BQ. The simple moving average for the past 20 days is -4.64% for BQ’s stock, with a 20.46% simple moving average for the past 200 days.
Analysts’ Opinion of BQ
ROTH Capital, on the other hand, stated in their research note that they expect to see BQ reach a price target of $10. The rating they have provided for BQ stocks is “Buy” according to the report published on October 27th, 2020.
BQ Trading at -4.70% from the 50-Day Moving Average
After a stumble in the market that brought BQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.19% of loss for the given period.
Volatility was left at 16.20%, however, over the last 30 days, the volatility rate increased by 17.98%, as shares surge +7.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.47% upper at present.
During the last 5 trading sessions, BQ fell by -10.10%, which changed the moving average for the period of 200-days by +49.47% in comparison to the 20-day moving average, which settled at $0.4702. In addition, Boqii Holding Limited ADR saw -2.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BQ
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.86.
Conclusion
To wrap up, the performance of Boqii Holding Limited ADR (BQ) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
