SEALSQ (NASDAQ:LAES) Sees Strong Trading Volume - What's Next?

Key Points

• SEALSQ Corp. experienced a significant increase in trading volume, with 33,466,278 shares traded, marking a 78% rise from the previous session's volume.
• The stock currently trades at $6.71, having increased from a previous close of $6.36, while analysts still maintain an average rating of "Sell".
• Institutional investors have been actively acquiring shares of SEALSQ, with multiple firms purchasing new positions valued between $37,000 and $50,000 in the recent quarters.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) saw strong trading volume on Friday . 33,466,278 shares changed hands during trading, an increase of 78% from the previous session's volume of 18,839,406 shares.The stock last traded at $6.71 and had previously closed at $6.36.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of SEALSQ in a report on Tuesday. Wall Street Zen upgraded shares of SEALSQ from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

SEALSQ Stock Performance

The firm's fifty day moving average is $3.65 and its 200-day moving average is $3.34. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03.

Institutional Trading of SEALSQ

Large investors have recently modified their holdings of the company. DKM Wealth Management Inc. bought a new position in SEALSQ in the 3rd quarter valued at about $37,000. Gainplan LLC acquired a new position in shares of SEALSQ in the 3rd quarter worth approximately $42,000. Engineers Gate Manager LP acquired a new position in shares of SEALSQ in the 2nd quarter worth approximately $47,000. Allworth Financial LP acquired a new position in shares of SEALSQ in the 2nd quarter worth approximately $47,000. Finally, MAI Capital Management acquired a new position in shares of SEALSQ in the 2nd quarter worth approximately $50,000. 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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