Sequans Communications S.A ADR (NYSE: SQNS) is 6.40% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $4.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SQNS stock was last observed hovering at around $1.50 in the last trading session, with the day’s gains setting it 314.29%.
Currently trading at $315.79K, the stock is -26.08% and -27.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 937007% at the moment leaves the stock -45.99% off its SMA200. SQNS registered -61.89% loss for a year compared to 6-month loss of -53.98%. The firm has a 50-day simple moving average (SMA 50) of $1.8248 and a 200-day simple moving average (SMA200) of $2.46235.
The stock witnessed a -27.32% gain in the last 1 month and extending the period to 3 months gives it a -40.89%, and is -30.37% down 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 24.05% over the week and 9.48% over the month.
Sequans Communications S.A ADR (SQNS) has around 155 employees, a market worth around $33.77M and $38.79M in sales. Profit margin for the company is 158.42%. Distance from 52-week low is 40.00% and -68.89% from its 52-week high. The company has generated returns on investments over the last 12 months (124.46%).
The EPS is expected to shrink by -134.43% this year
33.0 institutions hold shares in Sequans Communications S.A ADR (SQNS), with institutional investors hold 69.48% of the company’s shares. The shares outstanding are 25.39M, and float is at 24.23M with Short Float at 0.11%. Institutions hold 65.38% of the Float.
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 1.6209 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 1.4016 of the shares outstanding. The other top investors are DIVISAR CAPITAL MANAGEMENT LLC which holds 4.73 million shares representing 0.7634 and valued at over $2.38 million, while BOOTHBAY FUND MANAGEMENT, LLC holds 0.6709 of the shares totaling 4.15 million with a market value of $2.09 million.
