Quectel Wireless (China) Price on March 8, 2024

603236 Stock   63.37  1.54  2.49%   
Below is the normalized historical share price chart for Quectel Wireless Solutions extending back to July 16, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Quectel Wireless stands at 63.37, as last reported on the 22nd of December, with the highest price reaching 65.24 and the lowest price hitting 60.45 during the day.
200 Day MA
46.319
50 Day MA
53.5946
Beta
1.026
 
Covid
If you're considering investing in Quectel Stock, it is important to understand the factors that can impact its price. Quectel Wireless appears to be very steady, given 3 months investment horizon. Quectel Wireless Sol maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Quectel Wireless' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please evaluate Quectel Wireless' Risk Adjusted Performance of 0.1337, semi deviation of 3.36, and Coefficient Of Variation of 630.89 to confirm if our risk estimates are consistent with your expectations.
  
As of December 22, 2024, Total Stockholder Equity is expected to decline to about 2.1 B. The current year's Other Stockholder Equity is expected to grow to about (47.2 M). Quectel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2092

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Estimated Market Risk

 4.22
  actual daily
37
63% of assets are more volatile

Expected Return

 0.88
  actual daily
17
83% of assets have higher returns

Risk-Adjusted Return

 0.21
  actual daily
16
84% of assets perform better
Based on monthly moving average Quectel Wireless is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Quectel Wireless by adding it to a well-diversified portfolio.
Price Book
4.3481
Enterprise Value Ebitda
32.9116
Price Sales
0.9674
Shares Float
179.4 M
Wall Street Target Price
85.38

Quectel Wireless Valuation on March 8, 2024

It is possible to determine the worth of Quectel Wireless on a given historical date. On March 8, 2024 Quectel was worth 40.46 at the beginning of the trading date compared to the closed value of 41.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Quectel Wireless stock. Still, in general, we apply an absolute valuation method to find Quectel Wireless' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Quectel Wireless where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Quectel Wireless' related companies.
 Open High Low Close Volume
  41.81    42.24    40.30    40.33    6,587,397  
03/08/2024
  40.46    41.55    40.27    41.41    4,355,093  
  41.08    42.43    40.60    42.39    4,977,206  
Backtest Quectel Wireless  |  Quectel Wireless History  |  Quectel Wireless Valuation   PreviousNext  
Open Value
40.46
41.41
Closing Value
53.12
Upside

Quectel Wireless Trading Date Momentum on March 8, 2024

On March 11 2024 Quectel Wireless Solutions was traded for  42.39  at the closing time. The highest price during the trading period was 42.43  and the lowest recorded bid was listed for  40.60 . The volume for the day was 5 M. This history from March 11, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.37% . The trading delta at closing time to the current price is 3.60% .

Quectel Wireless Sol Fundamentals Correlations and Trends

By evaluating Quectel Wireless' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Quectel Wireless' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Quectel financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Quectel Wireless Stock history

Quectel Wireless investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Quectel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Quectel Wireless Sol will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Quectel Wireless stock prices may prove useful in developing a viable investing in Quectel Wireless
Last ReportedProjected for Next Year
Common Stock Shares Outstanding264.6 M170.6 M
Net Income Applicable To Common Shares716.2 M752.1 M

Quectel Wireless Quarterly Net Working Capital

3.06 Billion

Quectel Wireless Stock Technical Analysis

Quectel Wireless technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Quectel Wireless technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Quectel Wireless trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Quectel Wireless Period Price Range

Low
December 22, 2024
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High

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Quectel Wireless Solutions cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Quectel Wireless December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Quectel Wireless stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Quectel Wireless shares will generate the highest return on investment. By undertsting and applying Quectel Wireless stock market strength indicators, traders can identify Quectel Wireless Solutions entry and exit signals to maximize returns

Quectel Wireless Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Quectel Wireless' price direction in advance. Along with the technical and fundamental analysis of Quectel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Quectel to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Quectel Stock analysis

When running Quectel Wireless' price analysis, check to measure Quectel Wireless' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quectel Wireless is operating at the current time. Most of Quectel Wireless' value examination focuses on studying past and present price action to predict the probability of Quectel Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quectel Wireless' price. Additionally, you may evaluate how the addition of Quectel Wireless to your portfolios can decrease your overall portfolio volatility.
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