Is it Time to Dump Sequans Communications SA ADR (SQNS) Stock After it Is Up 24.32% in a Week?

Sequans Communications SA ADR (SQNS) stock has gained 24.32% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sequans Communications SA ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SQNS!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SQNS Stock Today?

Sequans Communications SA ADR (SQNS) stock is trading at $2.76 as of 1:14 PM on Tuesday, Aug 8, a decline of -$0.03, or -1.08% from the previous closing price of $2.79. Volume today is more active than usual. So far 2,155,753 shares have traded compared to average volume of 316,351 shares. The stock has traded between $2.68 and $2.80 so far today.

More About Sequans Communications SA ADR

Sequans Communications SA designs develop and supply 4G LTE semiconductor solutions for wireless mobile broadband applications with a focus on the single-mode device market. Its solutions incorporate baseband processor and radio frequency, transceiver integrated circuits, along with its proprietary signal processing techniques, algorithms and software stacks. The company's solutions serve as the core wireless broadband communications platform in devices, including smartphones, USB dongles, portable routers, laptops, netbooks, tablets, and other consumer multimedia and industrial devices. Its geographical segments are Taiwan, Korea, China (including Hong Kong), the Rest of Asia, the United States, and the Rest of the world. Click Here to get the full Stock Report for Sequans Communications SA ADR stock.