Sequans Communications (NYSE:SQNS) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $3.00 target price on shares of Sequans Communications in a research report on Monday, August 26th.

Sequans Communications Stock Performance

Sequans Communications stock opened at $1.03 on Thursday. Sequans Communications has a 52 week low of $0.34 and a 52 week high of $2.97. The firm has a market capitalization of $63.49 million, a PE ratio of -1.30 and a beta of 0.16. The business’s 50-day simple moving average is $0.59 and its 200-day simple moving average is $0.69.

Sequans Communications (NYSE:SQNS) last released its earnings results on Tuesday, June 18th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Sequans Communications had a negative return on equity of 1,229.91% and a negative net margin of 172.27%. The firm had revenue of $6.03 million for the quarter, compared to analyst estimates of $7.20 million. Research analysts forecast that Sequans Communications will post -0.51 earnings per share for the current year.

Hedge Funds Weigh In On Sequans Communications

Several large investors have recently added to or reduced their stakes in the company. Bardin Hill Management Partners LP bought a new stake in Sequans Communications in the fourth quarter valued at about $2,497,000. Vazirani Asset Management LLC bought a new stake in Sequans Communications during the 4th quarter worth approximately $1,840,000. Finally, Black Maple Capital Management LP acquired a new stake in shares of Sequans Communications in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

Sequans Communications Company Profile

Sequans Communications SA 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.