In last trading session, Sequans Communications S.A ADR (NYSE:SQNS) saw 0.31 million shares changing hands with its beta currently measuring 0.34. Company’s recent per share price level of $2.98 trading at $0.16 or 5.67% at ring of the bell on the day assigns it a market valuation of $74.47M. That closing price of SQNS’s stock is at a discount of -149.33% from its 52-week high price of $7.43 and is indicating a premium of 71.48% from its 52-week low price of $0.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.1 million shares which gives us an average trading volume of 136.78K if we extend that period to 3-months.
For Sequans Communications S.A ADR (SQNS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Sequans Communications S.A ADR (NYSE:SQNS) trade information
Upright in the green during last session for gaining 5.67%, in the last five days SQNS remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $2.98 price level, adding 1.0% to its value on the day. Sequans Communications S.A ADR’s shares saw a change of -57.88% in year-to-date performance and have moved 6.43% in past 5-day. Sequans Communications S.A ADR (NYSE:SQNS) showed a performance of 30.13% in past 30-days. Number of shares sold short was 0.23 million shares which calculate 1.86 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 57.43% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -134.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -134.9% for stock’s current value.
Sequans Communications S.A ADR (SQNS) estimates and forecasts
Statistics highlight that Sequans Communications S.A ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 52.82% of value to its shares in past 6 months, showing an annual growth rate of 263.77% while that of industry is -3.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.33% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 12.73% while estimates for its earnings growth in next 5 years are of 0.35%.
Sequans Communications S.A ADR (NYSE:SQNS)’s Major holders
B. RILEY ASSET MANAGEMENT, LLC is the top institutional holder at SQNS for having 10.04 million shares of worth $5.02 million. And as of 2024-06-30, it was holding 16.2879 of the company’s outstanding shares.
The second largest institutional holder is LYNROCK LAKE LP, which was holding about 8.68 million shares on 2024-06-30. The number of shares represents firm’s hold over 14.0844 of outstanding shares, having a total worth of $4.36 million.
