Sequans Communications S.A ADR [NYSE: SQNS] traded at a high on Wednesday, posting a 4.44 gain after which it closed the day’ session at $2.82.
The results of the trading session contributed to over 126050 shares changing hands. Over the past one week, the price volatility of Sequans Communications S.A ADR stands at 4.99% while the volatility over the past one month is 6.64%.
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The market cap for SQNS stock reached $70.47 million, with 24.63 million shares outstanding and 23.67 million shares in the current float. Compared to the average trading volume of 144.79K shares, SQNS reached a trading volume of 126050 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sequans Communications S.A ADR [SQNS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SQNS shares is $7.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SQNS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Sequans Communications S.A ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 08, 2023. While these analysts kept the previous recommendation, Needham raised their target price from $11 to $9. The new note on the price target was released on June 24, 2021, representing the official price target for Sequans Communications S.A ADR stock. Previously, the target price had yet another raise to $12, while B. Riley FBR analysts kept a Buy rating on SQNS stock. On August 01, 2018, analysts decreased their price target for SQNS shares from 3 to 2.50.
The Average True Range (ATR) for Sequans Communications S.A ADR is set at 0.17, with the Price to Sales ratio for SQNS stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 6.95.
How has SQNS stock performed recently?
Sequans Communications S.A ADR [SQNS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.08. With this latest performance, SQNS shares gained by 20.00% in over the last four-week period, additionally plugging by 53.47% over the last 6 months – not to mention a drop of -61.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SQNS stock in for the last two-week period is set at 58.16, with the RSI for the last a single of trading hit 59.58, and the three-weeks RSI is set at 57.32 for Sequans Communications S.A ADR [SQNS]. The present Moving Average for the last 50 days of trading for this stock 2.58, while it was recorded at 2.78 for the last single week of trading, and 1.95 for the last 200 days.
Sequans Communications S.A ADR [SQNS]: Deeper insight into the fundamentals
Sequans Communications S.A ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.33 and a Current Ratio set at 1.36.
Earnings analysis for Sequans Communications S.A ADR [SQNS]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SQNS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sequans Communications S.A ADR go to 0.35%.
Insider trade positions for Sequans Communications S.A ADR [SQNS]
The top three institutional holders of SQNS stocks are: B. RILEY ASSET MANAGEMENT, LLC with ownership of 10.04 million shares, which is approximately 16.2879%. LYNROCK LAKE LP, holding 8.68 million shares of the stock with an approximate value of $$4.36 million in SQNS stocks shares; and LYNROCK LAKE LP, currently with $$2.38 million in SQNS stock with ownership which is approximately 7.671%.
