Sequans Communications S.A. (NYSE:SQNS) marched up 3.64% compared to a 52-week low price of $1.65. The shares were last seen trading -5.52% lower, taking the closing price at $1.71 on 12/06/2017. At recent session, the prices were hovering between $1.68 and $1.82. This company shares are 129.24% off its target price of $3.92 and the current market capitalization stands at $143.88M. The recent change has given its price a -16.35% deficit over SMA 50 and -64% deficit over its 52-week high. The stock witnessed -9.52% declines, -48.49% declines and -59.38% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SQNS’s volatility during a week at 5.17% and during a month it has been found around 5.73%.Sequans Communications S.A. (SQNS) Top Holders
Institutional investors currently hold around $46 million or 43.4% in SQNS stock. Look at its top three institutional owners. Awm Investment Company, Inc. owns $13.99 million in Sequans Communications S.A., which represents roughly 9.72% of the company’s market cap and approximately 30.4% of the institutional ownership. Similar statistics are true for the second largest owner, Nokomis Capital, L.L.C., which owns 4,500,713 shares of the stock are valued at $8.15 million. The third largest holder is Yiheng Capital Llc, which currently holds $4.23 million worth of this stock and that ownership represents nearly 2.94% of its market capitalization.Sequans Communications S.A. 13F Filings
At the end of 09/30/2017 reporting period, 18 institutional holders increased their position in Sequans Communications S.A. (NYSE:SQNS) by some 2,102,658 shares, 17 decreased positions by 1,934,208 and 9 held positions by 21,120,021. That puts total institutional holdings at 25,156,887 shares, according to SEC filings. The stock grabbed 5 new institutional investments totaling 917,671 shares while 10 institutional investors sold out their entire positions totaling 1,330,669 shares.
Several analysts have released their opinion on Sequans Communications S.A. (NYSE:SQNS), with 5 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.17 average brokerage recommendation.