Sequans Communications - SQNS Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sequans Communications in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SQNS shares.
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2 analysts have issued 12-month target prices for Sequans Communications' shares. Their SQNS share price forecasts range from $5.00 to $7.00. On average, they expect the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 183.0% from the stock's current price.
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Sequans Communications' stock was trading at $3.32 at the beginning of the year. Since then, SQNS stock has decreased by 36.1% and is now trading at $2.12.
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Sequans Communications saw a drop in short interest in February. As of February 28th, there was short interest totaling 18,400 shares, a drop of 15.2% from the February 13th total of 21,700 shares. Based on an average daily volume of 71,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our SQNS earnings forecast.

Sequans Communications S.A. (NYSE:SQNS) posted its quarterly earnings results on Monday, November, 1st. The semiconductor company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The semiconductor company earned $11.89 million during the quarter, compared to the consensus estimate of $12.75 million. Sequans Communications had a negative trailing twelve-month return on equity of 190.73% and a negative net margin of 14.88%. During the same quarter in the prior year, the business posted ($0.30) earnings per share.

Shares of Sequans Communications reverse split on the morning of Friday, November 29th 2019. The 1-4 reverse split was announced on Friday, November 15th 2019. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, November 27th 2019. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Sequans Communications updated its first quarter 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $12.00 million-$12.00 million, compared to the consensus revenue estimate of $14.87 million.

5 employees have rated Sequans Communications Chief Executive Officer Georges Karam on Glassdoor.com. Georges Karam has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sequans Communications investors own include Inseego (INSG), Nokia Oyj (NOK), Inovio Pharmaceuticals (INO), Advanced Micro Devices (AMD), Block (SQ), Moderna (MRNA), NVIDIA (NVDA), Pfizer (PFE), Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Micron Technology (MU).

Sequans Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "SQNS."

Sequans Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include B. Riley Asset Management LLC (10.85%), Boothbay Fund Management LLC (3.23%), North Run Capital LP (2.65%), Masters Capital Management LLC (2.09%), Roubaix Capital LLC (0.98%) and B. Riley Securities Inc. (0.78%).

Shares of SQNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SQNS stock can currently be purchased for approximately $2.12.

Sequans Communications (NYSE:SQNS) has a market capitalization of $101.61 million and generates $60.55 million in revenue each year. The semiconductor company earns $-9,010,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

The company employs 262 workers across the globe.

Sequans Communications' mailing address is 15-55 BLVD CHARLES DE GAULLE, COLOMBES I0, 92700. The official website for the company is www.sequans.com. The semiconductor company can be reached via phone at (317) 072-1600, via email at ir@sequans.com, or via fax at 33-1-70-72-16-09.