Sequans Communications S.A ADR (NYSE: SQNS) is -80.18% lower on its value in year-to-date trading and has touched a low of $0.34 and a high of $2.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SQNS stock was last observed hovering at around $0.44 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $0.56, the stock is 16.57% and -64.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 26.15% at the moment leaves the stock -76.83% off its SMA200. SQNS registered -75.07% loss for a year compared to 6-month loss of -80.25%. The firm has a 50-day simple moving average (SMA 50) of $2.14 and a 200-day simple moving average (SMA200) of $55.70.
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The stock witnessed a -20.70% gain in the last 1 month and extending the period to 3 months gives it a -79.89%, and is 40.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.61% over the week and 13.87% over the month.
Profit margin for the company is -122.10%. Distance from 52-week low is 64.18% and -81.11% from its 52-week high.
Sequans Communications S.A ADR quarterly earnings per share for the current quarter are estimated at -$0.15 with sales reaching $7.2M over the same period.The EPS is expected to grow by 25.45% this year, but quarterly earnings will post 35.10% year-over-year. Quarterly sales are estimated to shrink -40.10% in year-over-year returns.
37 institutions hold shares in Sequans Communications S.A ADR (SQNS), with institutional investors hold 72.27% of the company’s shares. The shares outstanding are 61.57M, and float is at 57.30M with Short Float at 1.14%. Institutions hold 68.12% of the Float.
The top institutional shareholder in the company is B. Riley Asset Management, Llc with over 9.13 million shares valued at $20.37 million. The investor’s holdings represent 15.62% of the SQNS Shares outstanding. As of Jun 29, 2023, the second largest holder is Lynrock Lake LP with 8.68 million shares valued at $19.35 million to account for 14.85% of the shares outstanding. The other top investors are Divisar Capital Management LLC which holds 4.73 million shares representing 8.09% and valued at over $10.54 million, while Boothbay Fund Management, LLC holds 7.13% of the shares totaling 4.17 million with a market value of $9.29 million.
