SEALSQ (NASDAQ:LAES) Sees Large Volume Increase - Here's Why

Key Points

• SEALSQ Corp. (NASDAQ:LAES) experienced a significant increase in trading volume, with approximately 40.7 million shares traded, a 139% rise from the prior session.
• Brokerages have mixed ratings on SEALSQ, with Wall Street Zen upgrading the stock to "hold", while Weiss Ratings maintains a "sell" rating.
• Institutional investors have been active, with notable acquisitions including Gainplan LLC's new stake valued at $42,000 and MIRAE ASSET GLOBAL raising its holdings by 11.4% in the last quarter.

Shares of SEALSQ Corp. (NASDAQ:LAES - Get Free Report) saw strong trading volume on Friday . 40,709,930 shares changed hands during mid-day trading, an increase of 139% from the previous session's volume of 17,041,863 shares.The stock last traded at $6.03 and had previously closed at $6.09.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LAES. Wall Street Zen upgraded SEALSQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SEALSQ in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SEALSQ has a consensus rating of "Sell".

SEALSQ Stock Performance

The business's 50 day moving average price is $3.27 and its 200 day moving average price is $3.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38.

Institutional Investors Weigh In On SEALSQ

A number of institutional investors have recently added to or reduced their stakes in the stock. Gainplan LLC acquired a new stake in SEALSQ in the 3rd quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in SEALSQ in the 2nd quarter valued at $77,000. Engineers Gate Manager LP purchased a new position in SEALSQ in the 2nd quarter valued at $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in SEALSQ by 11.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company's stock valued at $2,357,000 after purchasing an additional 59,902 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in SEALSQ in the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 1.25% of the company's stock.

About SEALSQ

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.

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