In the last trading session, 1.27 million Sequans Communications S.A ADR (NYSE:SQNS) shares changed hands as the company’s beta touched 0.42. With the company’s per share price at $1.47 changed hands at $0.19 or 14.83% during last session, the market valuation stood at $37.32M. SQNS’s last price was a discount, traded about -191.16% off its 52-week high of $4.28. The share price had its 52-week low at $0.95, which suggests the last value was 35.37% up since then. When we look at Sequans Communications S.A ADR’s average trading volume, we note the 10-day average is 1.87 million shares, with the 3-month average coming to 332.22K.
Analysts gave the Sequans Communications S.A ADR (SQNS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SQNS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Sequans Communications S.A ADR (NYSE:SQNS) trade information
Instantly SQNS was in green as seen at the end of in last trading. With action -11.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.60%, with the 5-day performance at -11.98% in the red. However, in the 30-day time frame, Sequans Communications S.A ADR (NYSE:SQNS) is -17.88% down. Looking at the short shares, we see there were 25866.0 shares sold at short interest cover period of 0.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 79.0% from its current market value. According to analyst projections, SQNS’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -376.19% plunge from its current level, while the stock would need to soar -376.19% for it to hit the projected low.
The 2025 estimates are for Sequans Communications S.A ADR earnings to decrease by -134.43%.
SQNS Dividends
Sequans Communications S.A ADR is expected to release its next quarterly earnings report on 2025-May-06.
Sequans Communications S.A ADR (NYSE:SQNS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.90% of Sequans Communications S.A ADR shares while 65.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.48%. There are 65.38% institutions holding the Sequans Communications S.A ADR stock share, with B. RILEY ASSET MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 1.6209% of the shares, roughly 10.04 million SQNS shares worth $5.02 million.
LYNROCK LAKE LP holds the second largest percentage of outstanding shares, with 1.4016% or 8.68 million shares worth $4.36 million as of 2024-06-30.
