After finishing at $0.38 in the prior trading day, Sequans Communications S.A ADR (NYSE: SQNS) closed at $0.35, down -9.04%. In other words, the price has decreased by -$0.0348 from its previous closing price. On the day, 506804 shares were traded.
Ratios:
Our goal is to gain a better understanding of SQNS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 0.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, B. Riley Securities on August 08, 2023, Downgraded its rating to Neutral and sets its target price to $3.03 from $6.50 previously.
On June 24, 2021, Needham reiterated its Buy rating and also upped its target price recommendation from $11 to $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SQNS now has a Market Capitalization of 23.74M and an Enterprise Value of 85.00M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64. Its current Enterprise Value per Revenue stands at 1.90 whereas that against EBITDA is 49.39.
Stock Price History:
Over the past 52 weeks, SQNS has reached a high of $2.97, while it has fallen to a 52-week low of $0.38. The 50-Day Moving Average of the stock is 1.6218, while the 200-Day Moving Average is calculated to be 2.4498.
Shares Statistics:
The stock has traded on average 504.74K shares per day over the past 3-months and 252.27k shares per day over the last 10 days, according to various share statistics. A total of 61.57M shares are outstanding, with a floating share count of 57.30M. Insiders hold about 7.08% of the company’s shares, while institutions hold 57.86% stake in the company. Shares short for SQNS as of Mar 15, 2024 were 654.78k with a Short Ratio of 1.30, compared to 2.9k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.06% and a Short% of Float of 1.20%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.15, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.11 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.41 and -$0.41 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is $0, with 1 analysts recommending between $0 and $0.
Revenue Estimates
1 analysts predict $7.2M in revenue for the current quarter. It ranges from a high estimate of $7.2M to a low estimate of $7.2M. As of the current estimate, Sequans Communications S.A ADR’s year-ago sales were $12.02M, an estimated decrease of -40.10% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $9.9M, an increase of 8.10% over than the figure of -$40.10% in the same quarter last year. There is a high estimate of $9.9M for the next quarter, whereas the lowest estimate is $9.9M.
A total of 1 analysts have provided revenue estimates for SQNS’s current fiscal year. The highest revenue estimate was $45.4M, while the lowest revenue estimate was $45.4M, resulting in an average revenue estimate of $45.4M. In the same quarter a year ago, actual revenue was $33.62M, up 35.10% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $99.6M in the next fiscal year. The high estimate is $99.6M and the low estimate is $99.6M. The average revenue growth estimate for next year is up 119.40% from the average revenue estimate for this year.
