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: $0.97 to $1.05
• 50-Day Range: $0.46 to $1.20
• 52-Week Range: $0.34 to $2.97
• Volume: 322,622 shs
• Average Volume: 811,886 shs
• Market Capitalization: $62.56 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Buy

Sequans Communications Stock Analysis - MarketRank™

Sequans Communications scored higher than 55% of companies evaluated by MarketBeat, and ranked 421st out of 673 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: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sequans Communications are expected to grow in the coming year, from ($0.59) to ($0.36) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sequans Communications is -1.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sequans Communications is -1.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.67% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sequans Communications has recently increased by 45.54%, indicating that investor sentiment is decreasing significantly.

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

1.67% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sequans Communications has recently increased by 45.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: -0.14

News Sentiment

Sequans Communications has a news sentiment score of -0.14. 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 lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Sequans Communications this week, compared to 0 articles on an average week.

Search Interest

19 people have searched for SQNS on MarketBeat in the last 30 days. This is an increase of 1,800% compared to the previous 30 days.

MarketBeat Follows

4 people have added Sequans Communications to their MarketBeat watchlist in the last 30 days.

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 $2.83 at the beginning of 2024. Since then, SQNS shares have decreased by 64.3% and is now trading at $1.01.
View the best growth stocks for 2024 here.

How were Sequans Communications' earnings last quarter?

Sequans Communications S.A. (NYSE:SQNS) released its quarterly earnings results on Monday, November, 1st. The semiconductor company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The semiconductor company earned $11.89 million during the quarter, compared to analysts' expectations of $12.75 million. Sequans Communications had a negative net margin of 140.08% and a negative trailing twelve-month return on equity of 1,229.91%.

When did Sequans Communications' stock split?

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 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.

Who are Sequans Communications' major shareholders?

Top institutional investors of Sequans Communications include 272 Capital LP (16.20%) 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 Inseego (INSG), Nokia Oyj (NOK), Inovio Pharmaceuticals (INO), Advanced Micro Devices (AMD), Block (SQ), Moderna (MRNA) and NVIDIA (NVDA).

Company Calendar

• Last Earnings: 11/01/2021
• Today: 9/18/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

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: $3.00
• High Stock Price Target: $3.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +209.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.79)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-40,990,000.00
• Net Margins: -140.08%
• Pretax Margin: -164.23%
• Return on Equity: -1,229.91%
• Return on Assets: -38.35%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.25
• Quick Ratio: 0.20

Sales & Book Value

• Annual Sales: $28.26 million
• Price / Sales: 2.13
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.10) per share
• Price / Book: -9.70

Miscellaneous

• Outstanding Shares: 61,939,000
• Free Float: 56,117,000
• Market Cap: $60.08 million
• Optionable: Optionable
• Beta: 0.24