Currently, there are 61.57M common shares owned by the public and among those 58.86M shares have been available to trade.
The company’s stock has a 5-day price change of 112.84% and 79.69% over the past three months. SQNS shares are trading -59.36% year to date (YTD), with the 12-month market performance down to -58.63% lower. It has a 12-month low price of $0.34 and touched a high of $2.97 over the same period. SQNS has an average intraday trading volume of 112.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 114.99%, 118.96%, and -17.90% respectively.
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Institutional ownership of Sequans Communications S.A ADR (NYSE: SQNS) shares accounts for 50.79% of the company’s 61.57M shares outstanding.
It has a market capitalization of $71.50M and a beta (3y monthly) value of 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.16% over the week and 8.95% over the month.
Earnings per share for the fiscal year are expected to increase by 27.27%, and 60.00% over the next financial year. EPS should shrink at an annualized rate of 0.35% over the next five years, compared to 14.33% over the past 5-year period.
Looking at the support for the SQNS, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on August 08, 2023, with the firm’s price target at $6.50-$3.03. Needham coverage for the Sequans Communications S.A ADR (SQNS) stock in a research note released on June 24, 2021 offered a Buy rating with a price target of $9. B. Riley FBR was of a view on May 18, 2020 that the stock is Buy, while Needham gave the stock Buy rating on August 01, 2018, issuing a price target of $3- $2.50. B. Riley FBR Inc. on their part issued Buy rating on February 14, 2018.
