HC Wainwright Forecasts Strong Price Appreciation for WISeKey International (NASDAQ:WKEY) Stock

Key Points

• HC Wainwright has increased its target price for WISeKey International from $4.00 to $10.00, suggesting a potential upside of 34.41% based on the stock's previous close.
• While HC Wainwright maintains a "buy" rating, other analysts like Weiss Ratings and Wall Street Zen have issued sell ratings, indicating mixed sentiment among financial analysts.
• WISeKey International's share price fluctuated between a 52-week low of $1.61 and a high of $14.00, currently opening at $7.44, reflecting significant volatility in stock performance.

WISeKey International (NASDAQ:WKEY - Get Free Report) had its target price upped by stock analysts at HC Wainwright from $4.00 to $10.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price target would suggest a potential upside of 34.41% from the company's previous close.

A number of other brokerages have also commented on WKEY. Weiss Ratings restated a "sell (d-)" rating on shares of WISeKey International in a report on Wednesday. Wall Street Zen lowered WISeKey International from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Finally, Maxim Group upped their target price on WISeKey International from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, WISeKey International presently has an average rating of "Hold" and an average price target of $10.50.

WISeKey International Price Performance

Shares of WKEY opened at $7.44 on Friday. The company has a current ratio of 6.05, a quick ratio of 5.96 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $5.80 and a 200 day simple moving average of $5.54. WISeKey International has a 52-week low of $1.61 and a 52-week high of $14.00.

Institutional Trading of WISeKey International

Several institutional investors and hedge funds have recently bought and sold shares of WKEY. XTX Topco Ltd bought a new stake in WISeKey International in the second quarter valued at approximately $81,000. GAMMA Investing LLC bought a new stake in WISeKey International in the first quarter valued at approximately $45,000. Finally, SBI Securities Co. Ltd. raised its stake in WISeKey International by 62.1% in the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company's stock valued at $68,000 after buying an additional 6,623 shares during the period. Institutional investors own 0.33% of the company's stock.

WISeKey International Company Profile

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.

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