Sequans Communications S.A ADR (NYSE:SQNS)’s traded shares stood at 67.28 million during the latest session, with the company’s beta value hitting 0.18. At the last check today, the stock’s price was $1.15, to imply an increase of 111.71% or $0.61 in intraday trading. The SQNS share’s 52-week high remains $2.97, putting it -158.26% down since that peak but still an impressive 70.43% since price per share fell to its 52-week low of $0.34. The company has a valuation of $71.13M, with an average of 91310.0 shares in intraday trading volume over the past 10 days and average of 112.60K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Sequans Communications S.A ADR (SQNS), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SQNS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy.
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Sequans Communications S.A ADR (NYSE:SQNS) trade information
After registering a 111.71% upside in the latest session, Sequans Communications S.A ADR (SQNS) has traded red over the past five days. The 5-day price performance for the stock is 112.84%, and 116.98% over 30 days. With these gigs, the year-to-date price performance is -59.36%. Short interest in Sequans Communications S.A ADR (NYSE:SQNS) saw shorts transact 0.62 million shares and set a 6.33 days time to cover.
The extremes give us $7 and $7 for target low and target high price respectively. As such, SQNS has been trading -508.7% off suggested target high and -508.7% from its likely low.
Sequans Communications S.A ADR (SQNS) estimates and forecasts
Looking at statistics comparing Sequans Communications S.A ADR share performance against respective industry, we note that the company has outperformed competitors. Sequans Communications S.A ADR (SQNS) shares are 27.78% up over the last 6 months, with its year-to-date growth rate higher than industry average at 27.27% against -6.20%.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 14.33% for the past 5-year period. While 2024 is set for a 27.27% return in earnings, projections for the next 5 years are at 0.35% annually.
SQNS Dividends
Sequans Communications S.A ADR has its next earnings report out on 2024-Aug-23. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Sequans Communications S.A ADR (NYSE:SQNS)’s Major holders
The next major institution holding the largest number of shares is LYNROCK LAKE LP with 8.68 million shares, or about 14.0844% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.36 million.
Going by data provided on May 31, 2024, Franklin K2 Alternative Strategies Fd holds roughly 109.09 shares. This is just over 0.18% of the total shares, with a market valuation of $0.13 million
