In the last trading session, 88.35 million shares of the Sequans Communications S.A ADR (NYSE:SQNS) were traded, and its beta was 0.42. Most recently the company’s share price was $2.06, and it changed around $0.63 or 44.06% from the last close, which brings the market valuation of the company to $52.30M. SQNS currently trades at a discount to its 52-week high of $4.28, offering almost -107.77% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 53.88% since then. We note from Sequans Communications S.A ADR’s average daily trading volume that its 10-day average is 9.49 million shares, with the 3-month average coming to 393.95K.
Sequans Communications S.A ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SQNS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Sequans Communications S.A ADR (NYSE:SQNS) trade information
Instantly SQNS has showed a green trend with a performance of 44.06% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.6800 on recent trading dayincreased the stock’s daily price by 23.13%. The company’s shares are currently up 54.22% year-to-date, but still up 40.14% over the last five days. On the other hand, Sequans Communications S.A ADR (NYSE:SQNS) is 6.74% up in the 30-day period. We can see from the shorts that 25866.0 shares have been sold at a short interest cover period of 0.52 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 70.57% from its current value. Analyst projections state that SQNS is forecast to be at a low of $7 and a high of $7.
SQNS Dividends
Sequans Communications S.A ADR’s next quarterly earnings report is expected to be released on 2025-May-06.
Sequans Communications S.A ADR (NYSE:SQNS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.90% of Sequans Communications S.A ADR shares, and 65.38% of them are in the hands of institutional investors. The stock currently has a share float of 69.48%. Sequans Communications S.A ADR stock is held by 33.0 institutions, with B. RILEY ASSET MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 1.6209% of the shares, which is about 10.04 million shares worth $5.02 million.
LYNROCK LAKE LP, with 1.4016% or 8.68 million shares worth $4.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
The former held 43.64 shares worth $89892.0, making up 0.07% of all outstanding shares.
