SQNS has 36-month beta value of 0.25. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SQNS is 58.86M, and currently, short sellers hold a 1.15% ratio of that float. The average trading volume of SQNS on September 05, 2024 was 1.61M shares.
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SQNS) stock’s latest price update
Sequans Communications S.A ADR (NYSE: SQNS) has experienced a rise in its stock price by 10.77 compared to its previous closing price of 0.98. However, the company has seen a gain of 5.88% in its stock price over the last five trading days. newsfilecorp.com reported 2024-08-23 that Agrees to Sell its 4G IoT Technology for $200M to Qualcomm While Retaining License for Ongoing Use and Development Management to Hold a Conference Call Today, August 23, at 8:30 am ET Paris, France–(Newsfile Corp. – August 23, 2024) – Sequans Communications S.A. (NYSE: SQNS) (“Sequans” or the “Company”), a leading developer and provider of 5G/4G semiconductors and IoT modules, today announced preliminary financial results for the second quarter ended June 30, 2024.
SQNS’s Market Performance
SQNS’s stock has risen by 5.88% in the past week, with a monthly rise of 105.40% and a quarterly rise of 73.91%. The volatility ratio for the week is 8.53% while the volatility levels for the last 30 days are 10.74% for Sequans Communications S.A ADR The simple moving average for the past 20 days is 44.54% for SQNS’s stock, with a -18.60% simple moving average for the past 200 days.
Analysts’ Opinion of SQNS
Many brokerage firms have already submitted their reports for SQNS stocks, with B. Riley Securities repeating the rating for SQNS by listing it as a “Neutral.” The predicted price for SQNS in the upcoming period, according to B. Riley Securities is $3.03 based on the research report published on August 08, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see SQNS reach a price target of $9, previously predicting the price at $11. The rating they have provided for SQNS stocks is “Buy” according to the report published on June 24th, 2021.
B. Riley FBR gave a rating of “Buy” to SQNS, setting the target price at $12 in the report published on May 18th of the previous year.
SQNS Trading at 77.95% from the 50-Day Moving Average
After a stumble in the market that brought SQNS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.64% of loss for the given period.
Volatility was left at 10.74%, however, over the last 30 days, the volatility rate increased by 8.53%, as shares surge +111.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +127.67% upper at present.
During the last 5 trading sessions, SQNS rose by +9.79%, which changed the moving average for the period of 200-days by -61.38% in comparison to the 20-day moving average, which settled at $0.7767. In addition, Sequans Communications S.A ADR saw -61.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SQNS
Current profitability levels for the company are sitting at:
- -1.16 for the present operating margin
- 0.55 for the gross margin
The net margin for Sequans Communications S.A ADR stands at -1.4. The total capital return value is set at 6.99. Equity return is now at value -419.01, with -34.55 for asset returns.
Based on Sequans Communications S.A ADR (SQNS), the company’s capital structure generated 1.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at -5.66. The interest coverage ratio of the stock is -1.96.
Currently, EBITDA for the company is -25.1 million with net debt to EBITDA at -3.21. When we switch over and look at the enterprise to sales, we see a ratio of 5.14. The receivables turnover for the company is 1.55for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.29.
Conclusion
To put it simply, Sequans Communications S.A ADR (SQNS) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
