The stock price of Baosheng Media Group Holdings Ltd (NASDAQ: BAOS) has surged by 10.56 when compared to previous closing price of 1.61, but the company has seen a -7.19% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-05-31 that Beijing, China, May 31, 2024 (GLOBE NEWSWIRE) — Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (“Baosheng” or the “Company”), a China-based online marketing solution provider, today announced that on May 9, 2024, the Company filed a current report on Form 6-K with the U.S. Securities and Exchange Commission (the “SEC”) regarding certain pending legal proceeding.
Is It Worth Investing in Baosheng Media Group Holdings Ltd (NASDAQ: BAOS) Right Now?
The 36-month beta value for BAOS is also noteworthy at 1.28.
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The public float for BAOS is 0.90M, and at present, short sellers hold a 0.97% of that float. The average trading volume of BAOS on December 06, 2024 was 16.13K shares.
BAOS’s Market Performance
The stock of Baosheng Media Group Holdings Ltd (BAOS) has seen a -7.19% decrease in the past week, with a -4.56% drop in the past month, and a -17.21% fall in the past quarter. The volatility ratio for the week is 9.35%, and the volatility levels for the past 30 days are at 6.85% for BAOS. The simple moving average for the past 20 days is -5.11% for BAOS’s stock, with a -31.78% simple moving average for the past 200 days.
BAOS Trading at -16.88% from the 50-Day Moving Average
After a stumble in the market that brought BAOS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.78% of loss for the given period.
Volatility was left at 6.85%, however, over the last 30 days, the volatility rate increased by 9.35%, as shares sank -8.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.89% lower at present.
During the last 5 trading sessions, BAOS fell by -7.97%, which changed the moving average for the period of 200-days by -58.67% in comparison to the 20-day moving average, which settled at $1.8752. In addition, Baosheng Media Group Holdings Ltd saw -50.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BAOS starting from PBCY Investment Ltd, who proposed sale 83,075 shares at the price of $3.03 back on Oct 09 ’24. After this action, PBCY Investment Ltd now owns shares of Baosheng Media Group Holdings Ltd, valued at $251,717 using the latest closing price.
Stock Fundamentals for BAOS
Current profitability levels for the company are sitting at:
- 6.45 for the present operating margin
- 1.43 for the gross margin
The net margin for Baosheng Media Group Holdings Ltd stands at 7.13. The total capital return value is set at -0.08.
Based on Baosheng Media Group Holdings Ltd (BAOS), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.75.
Currently, EBITDA for the company is -1.95 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of -3.06. The receivables turnover for the company is -0.02for trailing twelve months and the total asset turnover is -0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.08.
Conclusion
In summary, Baosheng Media Group Holdings Ltd (BAOS) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
