Sequans Communications S.A ADR [NYSE: SQNS] surged by $0.63 during the normal trading session on Tuesday and reaching a high of $2.68 during the day while it closed the day at $2.06.
Sequans Communications S.A ADR stock has also gained 40.14% of its value over the past 7 days. However, SQNS stock has inclined by 5.10% in the 3 months of the year. Over the past six months meanwhile, it has lost -41.48% and gained 54.22% year-on date.
The market cap for SQNS stock reached $52.30 million, with 25.39 million shares outstanding and 24.23 million shares in the current float. Compared to the average trading volume of 393.95K shares, SQNS reached a trading volume of 88348776 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 1.81.
SQNS stock trade performance evaluation
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 40.14. With this latest performance, SQNS shares gained by 6.74% in over the last four-week period, additionally sinking by -41.48% over the last 6 months – not to mention a drop of -40.97% in the past year of trading.
Sequans Communications S.A ADR [SQNS]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sequans Communications S.A ADR [SQNS] shares currently have an operating margin of -64.50% and a Gross Margin at 69.62%. Sequans Communications S.A ADR’s Net Margin is presently recorded at 158.42%.
Return on Equity for this stock inclined to 58.24%, with Return on Assets sitting at 58.24%.
Sequans Communications S.A ADR [SQNS]: Institutional Ownership
There are presently around $65.38%, or 69.48% of SQNS stock, in the hands of institutional investors. The top three institutional holders of SQNS stocks are: B. RILEY ASSET MANAGEMENT, LLC with ownership of 10.04 million shares, which is approximately 1.6209%. 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 0.7634%.
