Sequans Communications (SQNS) Stock Price, News & Analysis

Company Overview

Sequans Communications S.A. engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules. The company also provides software, including source code and tools to enable manufacturers to integrate their solutions into their devices; and design support services. The company serves OEMs and ODMs Customers, as well as 4G and 5G wireless carriers. Sequans Communications S.A. was incorporated in 2003 and is based in Paris, France.

Key Stats

• Today's Range: $2.62 to $2.81
• 50-Day Range: $2.28 to $2.98
• 52-Week Range: $0.85 to $7.43
• Volume: 134,824 shs
• Average Volume: 144,265 shs
• Market Capitalization: $69.39 million
• P/E Ratio: 1.98
• Dividend Yield: N/A
• Price Target: $7.50
• Consensus Rating: Buy

Sequans Communications Stock Analysis - MarketRank™

Sequans Communications scored higher than 75% of companies evaluated by MarketBeat, and ranked 240th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Sequans Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sequans Communications has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sequans Communications are expected to grow in the coming year, from ($1.48) to ($0.90) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sequans Communications is 1.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sequans Communications is 1.98, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 268.73.

Price to Book Value per Share Ratio

Sequans Communications has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.04% of the float of Sequans Communications has been sold short.

Short Interest Ratio / Days to Cover

Sequans Communications has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sequans Communications has recently decreased by 2.10%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sequans Communications does not currently pay a dividend.

Dividend Growth

Sequans Communications does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.04% of the float of Sequans Communications has been sold short.

Short Interest Ratio / Days to Cover

Sequans Communications has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sequans Communications has recently decreased by 2.10%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.21

News Sentiment

Sequans Communications has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Sequans Communications this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sequans Communications insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.40% of the stock of Sequans Communications is held by insiders.

Percentage Held by Institutions

63.33% of the stock of Sequans Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SQNS Stock Analysis - Frequently Asked Questions

How have SQNS shares performed this year?

Sequans Communications' stock was trading at $7.0750 at the beginning of 2024. Since then, SQNS shares have decreased by 60.6% and is now trading at $2.79.
View the best growth stocks for 2024 here.

How were Sequans Communications' earnings last quarter?

Sequans Communications S.A. (NYSE:SQNS) issued its earnings results on Friday, August, 23rd. The semiconductor company reported ($0.30) EPS for the quarter, meeting the consensus estimate of ($0.30). The semiconductor company earned $9.68 million during the quarter, compared to the consensus estimate of $9.70 million. Sequans Communications had a net margin of 138.26% and a trailing twelve-month return on equity of 403.46%.

When did Sequans Communications' stock split?

Sequans Communications shares reverse split on Wednesday, October 9th 2024. The 2-5 reverse split was announced on Friday, September 27th 2024. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, October 8th 2024. An investor that had 100 shares of stock prior to the reverse split would have 40 shares after the split.

Who are Sequans Communications' major shareholders?

Sequans Communications' top institutional shareholders include Stifel Financial Corp (1.98%) and Bardin Hill Management Partners LP.

How do I buy shares of Sequans Communications?

Shares of SQNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sequans Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sequans Communications investors own include NVIDIA (NVDA), Meta Platforms (META), Adobe (ADBE), Broadcom (AVGO), Advanced Micro Devices (AMD), General Electric (GE) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 8/23/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NYSE:SQNS
• CUSIP: N/A
• CIK: 1383395
• Web: www.sequans.com
• Phone: (317) 072-1600
• Fax: 33-1-70-72-16-09
• Employees: 260
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.50
• High Stock Price Target: $7.50
• Low Stock Price Target: $7.50
• Potential Upside/Downside: +168.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.41
• Trailing P/E Ratio: 1.98
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-40,990,000.00
• Net Margins: 138.26%
• Pretax Margin: -164.23%
• Return on Equity: 403.46%
• Return on Assets: 31.37%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.36
• Quick Ratio: 1.33

Sales & Book Value

• Annual Sales: $33.62 million
• Price / Sales: 2.06
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.25) per share
• Price / Book: -11.16

Miscellaneous

• Outstanding Shares: 24,870,000
• Free Float: 22,531,000
• Market Cap: $69.39 million
• Optionable: Optionable
• Beta: 0.28