Penny Stocks Analysis

BSQUARE CORPORATION (BSQR) Stock Forecast 2021

BSQR forecast 2021

BSQUARE CORPORATION is a software services company that designs, develops, and deploys technology that solve difficult troubles for manufacturers and operators of connected gadgets.
BSQUARE CORPORATION enables organizations to comprehend the promise of IoT through the development of sensible devices and structures which can be cloud-enabled, proportion facts seamlessly, facilitate dispensed gaining knowledge of and manipulate, and perform securely at scale.
Bsquare was Founded as a machine software development organization, the corporation has been a Microsoft Embedded and IoT accomplice considering that 1997 and it serves a global customer base from important locations in Seattle and Wiltshire UK.
The BSQUARE CORPORATION company is established in Seattle, Washington, and has 70 employees.

BSQUARE CORPORATION Fundamtenal analysis:

  • BSQUARE Profit Margin of -5.63% is in line with the rest of the industry. The industry average Profit Margin is -8.63%.
  • BSQUARE has negative profitability ratios, so we won’t be analyzing them here.
  • BSQR shows strong growth in Earnings Per Share. In the last year, the EPS has grown by 68%, which is quite impressive.
  • BSQUARE shows very negative growth in Revenue. In the last year, the Revenue has decreased by -33.70%.
  • Overall, BSQUARE corp scores 4/10 in fundamental rating. BSQUARE was compared to 287 industry peers in the Software industry. BSQR has a bad profitability rating. Also, its financial health evaluation is rather negative. BSQR has an expensive valuation and it also scores badly on growth

BSQUARE CORPORATION outlook:

Anyway, as you guys can see, it’s up 80% on the day, so not too much of a penny stock started the day as a penny stock. No never mind started. Well, it was a PE stock. Let’s just say that. And yeah, so b square is running, be careful of penny stocks very volatile when it’s running like this. Very, very scary. However, b square is a short squeeze stock. So it has a very, very high short interest. Lots of people are buying it to just say screw it to the short-sellers, we can see the one-month chart this thing shot up here $8 per share, then it’s sold off it held and now it’s running again, guys.
I’m looking at it now because it has high short interest and is running because of that. And yeah, a lot of people are gonna say Oh, nope, it has a lot of fundamentals as well. Well, that is not why I found interest in this stock. So that’s why I’m just gonna say high short interest it’s running.

BSQUARE CORPORATION Technical analysis:

  • Bsquare’s short-term trend is positive, but it still neutral the long-term trend is neutral. BSquare was one of the better-performing stocks in the market, outperforming 96% of all stocks.
  • BSQR also shows a nice and consistent pattern of rising prices. On the other hand, the BSquare stock has an average volume of 11532K. This is a good sign as it is always nice to have a liquid stock.

On the daily time frame, the BSQR stock was making strong upward movements from 1.50$ to 11.70$ level in the period between 29 January to 09 February 2021. The BSQUARE stock price started moving on a correction wave with an ABC pattern.
The BSQUARE stock price is also moving on a small correction wave on the daily time frame, so I think the stock price will move up again in the next week after making a retest on the 3.04$ level to close the price gap. Then, it will turn up to break the previous high-level at 11.70$.

If you want to buy BSQUARE stock, I suggest you place your target level at 10-11$ level because this area represents a strong supply zone on the monthly time frame. The BSQUARE stock price has been moving between the demand and supply zone in the last 12 years. But, I believe that the price will always break the resistance level on the 3rd attempt. So, this could be the bottom for a strong bull running to 14-15$ levels.

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