Sequans Communications S.A. (NYSE:SQNS – Get Free Report) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 123,881 shares, a decrease of 64.0% from the April 15th total of 343,679 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 331,667 shares, the short-interest ratio is currently 0.4 days.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on SQNS shares. B. Riley Financial reduced their target price on Sequans Communications from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sequans Communications in a research note on Friday, March 27th. Zacks Research downgraded Sequans Communications from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Sequans Communications from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.33.
Check Out Our Latest Analysis on SQNS
Sequans Communications News Summary
- Negative Sentiment: Northland Securities lowered earnings estimates across multiple periods, including FY2026 and FY2027, reflecting expectations for deeper losses than previously forecast. Northland Securities lowers Sequans estimates
- Negative Sentiment: The analyst also trimmed quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, and Q1-Q4 2027, reinforcing concerns about Sequans’ earnings trajectory. Northland Securities cuts quarterly EPS outlook
- Negative Sentiment: A separate note on May 14 reported a lower price target for Sequans Communications SA Depositary Receipt (SQNS), adding to the bearish tone around the stock. Price target decreased
Sequans Communications Stock Performance
Shares of Sequans Communications stock traded down $0.19 during trading hours on Friday, reaching $4.03. The company had a trading volume of 502,011 shares, compared to its average volume of 309,785. Sequans Communications has a one year low of $2.38 and a one year high of $58.30. The business has a fifty day simple moving average of $3.03 and a 200 day simple moving average of $4.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.47 and a quick ratio of 0.42. The firm has a market cap of $57.75 million, a PE ratio of -0.30 and a beta of 0.66.
Hedge Funds Weigh In On Sequans Communications
A number of large investors have recently made changes to their positions in SQNS. Boothbay Fund Management LLC boosted its holdings in shares of Sequans Communications by 1.5% in the second quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company’s stock worth $2,460,000 after acquiring an additional 25,000 shares during the period. Krilogy Financial LLC bought a new position in shares of Sequans Communications in the third quarter worth $568,000. Bank of America Corp DE bought a new position in shares of Sequans Communications in the third quarter worth $26,000. Moore Capital Management LP bought a new position in shares of Sequans Communications in the third quarter worth $581,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Sequans Communications in the third quarter worth $2,590,000. 63.33% of the stock is owned by institutional investors.
About Sequans Communications
Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.
The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.
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