11/17/2023 0 Comments Stocks to buy now under $10EPS, at a net loss of 4 cents per share, was better than the 17-cent loss expected, and far better than the 70-cent loss reported in 2Q20. At the top line, revenue came in at $12.8 million, a 5% gain from the year-ago quarter. Supply and distribution chains have still not recovered from the COVID disruptions, and the chip industry generally is finding it difficult to keep up with the pent-up customer demand.Įven so, Sequans reported a year-over-year gain in revenue for Q2, and beat the EPS forecast. Sequans’ shares peaked in February of this year, and the company’s stock has slipped in the face of serious headwinds affecting the chip industry. That’s just a small sampling of the list. The company has a global reach, and its products have been approved for use by numerous major wireless operators around the world: AT&T, Sprint, and Verizon in the US Axtel in Mexico Orange in France and both China Mobile and China Telecom. Sequans is a leader in both 4G and 5G chips needed for wireless networking of handheld devices, and especially of those chips used in IoT applications. We’ll start in the chip industry, the heart of everything in the digital world. Even better, these small-cap tickers have Strong Buy consensus ratings from the analyst community, and boast strong upside potential. With this in mind, we’ve used the TipRanks database to find three stocks that fit a profile: a market cap under $800 million and a share price below $10.
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