Sequans Communications S.A ADR (NYSE: SQNS) is -58.30% 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 $1.15 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.18, the stock is 108.41% and 119.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.52 million and changing 2.61% at the moment leaves the stock -15.23% off its SMA200. SQNS registered -57.25% loss for a year compared to 6-month loss of 38.82%.
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The stock witnessed a 125.06% gain in the last 1 month and extending the period to 3 months gives it a 73.78%, and is 109.96% 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 20.36% over the week and 9.62% over the month.
Sequans Communications S.A ADR (SQNS) has around 264 employees, a market worth around $73.36M and $28.26M in sales. Profit margin for the company is -140.08%. Distance from 52-week low is 245.33% and -60.27% from its 52-week high.
with sales reaching $10.8M over the same period.The EPS is expected to grow by 27.27% this year, but quarterly earnings will post 10.70% year-over-year. Quarterly sales are estimated to shrink -6.50% in year-over-year returns.
Sequans Communications S.A ADR (SQNS) Top Institutional Holders
The shares outstanding are 61.57M, and float is at 58.86M with Short Float at 1.05%.
The top institutional shareholder in the company is B. RILEY ASSET MANAGEMENT, LLC with over 10.04 million shares valued at $5.02 million. The investor’s holdings represent 16.2879% of the SQNS Shares outstanding. As of 2024-06-30, the second largest holder is LYNROCK LAKE LP with 8.68 million shares valued at $4.36 million to account for 14.0844 of the shares outstanding. The other top investors are DIVISAR CAPITAL MANAGEMENT LLC which holds 4.73 million shares representing 7.671% and valued at over $2.38 million, while BOOTHBAY FUND MANAGEMENT, LLC holds 6.7414 of the shares totaling 4.15 million with a market value of $2.09 million.
Sequans Communications S.A ADR (SQNS) Insider Activity
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