Currently, there are 25.39M common shares owned by the public and among those 24.23M shares have been available to trade.
The company’s stock has a 5-day price change of -37.86% and -30.09% over the past three months. SQNS shares are trading 14.33% year to date (YTD), with the 12-month market performance down to -56.73% lower. It has a 12-month low price of $1.17 and touched a high of $5.83 over the same period. SQNS has an average intraday trading volume of 4.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -42.10%, -28.77%, and -38.53% respectively.
Institutional ownership of Sequans Communications S.A ADR (NYSE: SQNS) shares accounts for 61.04% of the company’s 25.39M shares outstanding.
It has a market capitalization of $38.34M and a beta (3y monthly) value of 0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.03% over the week and 24.25% over the month.
Analysts forecast that Sequans Communications S.A ADR (SQNS) will achieve an EPS of -0.27 for the current quarter, -0.24 for the next quarter and -0.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.27 while analysts give the company a high EPS estimate of -0.27. Comparatively, EPS for the current quarter was -0.47 a year ago. Earnings per share for the fiscal year are expected to decrease by -134.43%, and 65.96% over the next financial year.
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.
