SEALSQ (NASDAQ:LAES) Downgraded to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded SEALSQ from “sell” to “strong sell,” while Weiss Ratings maintained a “sell (D-)” rating. Overall, analysts have an average “Hold” rating and a $6.00 price target.
• SEALSQ shares opened at $2.24, below their 50-day moving average of $2.50 and 200-day moving average of $2.88. The stock has traded between $1.99 and $8.71 over the past year.
• The company reported a quarterly loss of $0.07 per share on $5.58 million in revenue, while insiders sold 45,000 shares worth $115,200 over the past quarter.

SEALSQ (NASDAQ:LAES - Get Free Report) was downgraded by analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of SEALSQ in a research note on Friday, September 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.00.

SEALSQ Stock Performance

Shares of NASDAQ:LAES opened at $2.24 on Friday. The firm has a 50 day moving average of $2.50 and a 200-day moving average of $2.88. SEALSQ has a 12 month low of $1.99 and a 12 month high of $8.71.

SEALSQ (NASDAQ:LAES - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $5.58 million for the quarter. As a group, equities research analysts predict that SEALSQ will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at SEALSQ

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the business's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $2.40, for a total transaction of $36,000.00. Following the sale, the vice president owned 15,000 shares of the company's stock, valued at approximately $36,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,000 shares of company stock worth $115,200 over the last quarter.

Institutional Investors Weigh In On SEALSQ

Several hedge funds have recently modified their holdings of LAES. WINTON GROUP Ltd bought a new stake in SEALSQ during the 2nd quarter worth $307,000. Squarepoint Ops LLC raised its position in SEALSQ by 125.0% in the second quarter. Squarepoint Ops LLC now owns 179,854 shares of the company's stock valued at $567,000 after purchasing an additional 99,924 shares during the last quarter. William John Sempolinski acquired a new stake in shares of SEALSQ during the second quarter valued at about $125,000. AXQ Capital LP acquired a new stake in shares of SEALSQ during the second quarter valued at about $120,000. Finally, Headlands Technologies LLC bought a new stake in shares of SEALSQ during the second quarter worth about $630,000. Institutional investors and hedge funds own 1.25% of the company's stock.

SEALSQ Company Profile

SEALSQ Corp. NASDAQ: LAES develops and supplies semiconductor and cybersecurity technologies designed to secure connected devices and digital transactions. Its offerings include secure microcontrollers, hardware security modules, cryptographic components, and public key infrastructure (PKI) services used to authenticate devices, protect data, and support trusted digital identities.

The company focuses on applications involving the Internet of Things, industrial systems, automotive technology, telecommunications, cloud infrastructure, and other connected environments.

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