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Wednesday, January 27, 2021

The Rejuvenation of BOQI International Medical Inc. (NASDAQ:BIMI)

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The BOQI International Medical Inc. (BIMI) shares are trading at lower $2.27.

To add more color to this target, the company’s high over the last year is $12.00 and the low is $1.03. Over the last 52 weeks, BIMI is down -81.08% while the S&P 500 is up 1.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BIMI reported a profit of $-0.24 million. BOQI International Medical Inc. also saw revenues decrease to $-0.96 million. In addition, BIMI has free cash flow of -$2.06 million as of 12-2019 The company’s EBITDA came in at -$0.55 million which compares well with its peers.

BIMI Return on Equity (ROE) is -45.30%, and its Return on Assets is -17.10%. All told, it is clear that, BIMI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BIMI has a short ratio of 0.50 and outstanding shares of 8.17M.

Company Outlook

BIMI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.14 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.28. BOQI International Medical Inc. BIMI also noted assets of $30.06 million at the end of the last quarter. Investors should also keep an eye on sector updates as BIMI has historically followed its peers on positive news.

All told, BOQI International Medical Inc. BIMI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BIMI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

BOQI International Medical Inc. BIMI is now commanding a market cap of 22.77M and a float of 3.12M. BIMI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BIMI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BIMI, either long or short, and we have not been compensated for this article.

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