Is sqns a good buy

Sequans Communications (SQNS) is not a good buy at this time. Here are the key reasons:

1. Financial Performance: Sequans reported a net loss of $911,000 and a diluted EPS of -$0.04 for the latest quarter. The company's revenue was $9.68 million, with a revenue growth rate of 5.65%. However, the net loss and negative EPS indicate that the company is currently unprofitable.

2. Technical Indicators: The stock's technical indicators are not provided, but trading below the 5-Day, 10-Day, and 20-Day moving averages could be a bearish signal.
3. Market Sentiment: There is a negative sentiment surrounding the company, as evidenced by the "sell" ratings from analysts and the recent coverage initiated by StockNews.com. This could indicate a lack of investor confidence in the company's future prospects.
4. Support and Resistance Levels: The current stock price is near the support level of $1.07 and the resistance level of $1.15. This could indicate limited upside potential.

In conclusion, Sequans Communications is currently facing financial losses and has a negative stock price movement, which suggests that it is not a good buy at this time. Investors should exercise caution and consider the high risk associated with the company's financial health and market sentiment.