Sequans Communications (SQNS) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sequans Communications in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SQNS shares.
View SQNS analyst ratings or view top-rated stocks.

2 brokerages have issued 12-month target prices for Sequans Communications' stock. Their SQNS share price forecasts range from $3.00 to $7.00. On average, they predict the company's share price to reach $5.00 in the next twelve months. This suggests a possible upside of 135.8% from the stock's current price.
View analysts price targets for SQNS or view top-rated stocks among Wall Street analysts.

Sequans Communications' stock was trading at $3.32 on January 1st, 2023. Since then, SQNS shares have decreased by 36.1% and is now trading at $2.12.
View the best growth stocks for 2023 here.

Sequans Communications saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 39,700 shares, a drop of 19.1% from the April 30th total of 49,100 shares. Based on an average daily volume of 81,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.
View Sequans Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our SQNS earnings forecast.

Sequans Communications S.A. (NYSE:SQNS) announced its earnings results on Monday, November, 1st. The semiconductor company reported ($0.14) earnings per share 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 analyst estimates of $12.75 million. Sequans Communications had a negative net margin of 27.44% and a negative trailing twelve-month return on equity of 437.01%. During the same period in the previous year, the business earned ($0.30) earnings per share.

Sequans Communications shares reverse split before market open on 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 closing bell 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 issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.00 million-$11.00 million, compared to the consensus revenue estimate of $11.42 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 a variety of retail and institutional investors. Top institutional shareholders include Boothbay Fund Management LLC (3.26%), Potomac Capital Management Inc. (2.22%), Masters Capital Management LLC (2.19%), B. Riley Financial Inc. (0.72%) and Roubaix Capital LLC (0.49%).

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 ($0.33) 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.