On January 26, 2022, Boqii Holding Ltd. (BQ) stock rebounded in the after-hours with a gain of 11.09%. No official news is responsible for the comeback.
During regular trading, the stock moved between $0.6250 and $0.7600 at 7.57 million shares. BQ closed the session at $0.6301, suffering a loss of 9.70%. In the following after-market session, the stock saw a reversal and reached $0.7000.
The online-pet stores’ operator, Boqii Holding Ltd. was founded in 2007. Currently, its 72.74 million outstanding shares trade at a market capitalization of $62.95 million.
BQ Stock Timeline Review
The company’s latest official news date back to January 19, 2022, which was an extension of the record date for the AGM. Following the announcement, BQ stock saw an upsurge. But the stock soon entered a downtrend after that, on January 20. Hence, no news, SEC filing is in the background of the stock movements after that.
BQ stock recently brushed down to its 52-week low of $0.5800 on January 24. Seemingly, this new low was taken as a good buying opportunity by investors. Thus, the stock saw a gain in the following session on January 25. After gaining some value on Tuesday, the stock once again entered the downtrend. BQ stock then went on to lose a further 9.70% on Wednesday. Following the loss, the stock made another comeback in the after-hours session. Therefore, BQ stock recovered more than what it lost on Wednesday, in the after-market.
So far, the stock has declined by 28.54% year to date while it lost 93.05% last year.
BQ’s Upcoming AGM
As per January 13’s announcement, the company is set to hold its annual general meeting of shareholders on February 28, 2022, in China. Moreover, the AGM will not have a specific agenda but will be an open forum for discussion.
Previously, the company announced the record date for the AGM to be the close of business on January 23, 2022. BQ then extended the record date of the AGM to close of business on January 24, 2022, on January 19.
Q2 FY2022 Unaudited Results
In the fiscal Q2 2022, the company generated total revenues of RMB282.1 million (US$43.8 million). Marking a year-over-year growth of 23.1%.
Furthermore, BQ reported an adjusted net loss of RMB40.9 million (US$6.3 million) against RMB35.8 million in the year-ago quarter.
