Earnings from Sequans Communications S.A. [SQNS] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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SQNS Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.21 per share on revenue of $13.79M. Taking a look at the future, the company is projected to report revenue of $15.6M at an earnings per share of -$0.18 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 51.20% in revenue and 83.10% in earnings per share for the company.
SQNS Stock Earnings Forecast For The Current Year
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For the full financial year, Sequans Communications S.A. [NYSE:SQNS] is forecasted to generate revenue of $71.2M. The figure is about $20.28 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.59 in 2021, which is $0.58 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 49.60% this year, 83.10% next year, and 0.35% annually over the next five years. With regard to sales, forecasts suggest an incline of 39.80% in current fiscal year and 51.20% over following year.
SQNS Stock Price Performance
At the close of Monday’s session, Sequans Communications S.A. [NYSE:SQNS] finished up 2.76% at $6.33. The stock’s highest single-day price was $6.40, and its lowest was $6.1057. Its price rose 9.52% in the last five days. Since the beginning of the year, Sequans Communications S.A.’s shares are up nearly 4.80%. However, the share price is -33.86% below its one year high. The top price reached by the shares of the company was $9.57 on 02/08/21, while the 52-week low came on 03/05/21, when the shares were $5.32. In the past year, shares of the company have fallen -5.24%. At 50 days, the moving average achieved is $6.33 while at 200 days, the moving average is $6.20. There were 0.39 million shares traded in the last session, down from 0.69 million in the previous session.
Sequans Communications S.A. [NYSE:SQNS] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 4.09 PS value ratio is reported for the last one year of reported earnings. This is above the average return 3.07 for the industry, which means SQNS offers an unattractive investment opportunity than its competitors do.
SQNS Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 6.33 level, and the violation of this level will cause a further drop to 6.16 level. At the upper end, 6.75 remains a key resistance. As the stock increases, it may find resistance at 6.57. In the 14-day chart, the Relative Strength Index standing at 54.25 suggests a technical neutral stance while the MACD standing at 0.04 indicates price will decrease in the next trading period. Stochastic %K at 52.28% suggests holding the stock while Percent R indicator at 28.78% suggests bullish price movement.
How much is the short interest in Sequans Communications S.A.?
There have been a drop in short interest in the Sequans Communications S.A. Financial stock, with short interest up by 0.4 million shares to 1.37 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.77 million shares. This -29.2% decrease suggests some bullish sentiment was experienced by the stock.
How do analysts view Sequans Communications S.A.?
In regard to the share price forecast for Sequans Communications S.A. stock, the analysts, as surveyed by FactSet, forecast the price to reach $12.00 in the next twelve months, representing almost an 47.25% growth from its recent price of $6.33. Among Sequans Communications S.A. stock projections, $15.00 is the highest analyst target for the stock, while $11.00 is the lowest. Despite this, 5 analysts who share their consensus rating for SQNS in 2021 agree that the stock is a Buy. The latest rating change took place on 10/28/20, when Needham Ratings launched coverage of the stock at “Buy” and assigned a price target of $6.5.