SEALSQ (NASDAQ:LAES) Sees Strong Trading Volume - Time to Buy?

Key Points

• SEALSQ Corp. shares experienced a 68% increase in trading volume, with approximately 26 million shares changing hands, rising from 15.5 million in the previous session.
• Wall Street Zen upgraded SEALSQ's rating from "sell" to "hold", with the stock having an average price target of $1.75 despite its current trading price of $4.50.
• Institutional investors have shown interest in SEALSQ, with multiple firms purchasing new positions, indicating a growing interest in the company.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) shares saw an uptick in trading volume on Monday . 26,111,329 shares were traded during trading, an increase of 68% from the previous session's volume of 15,528,143 shares.The stock last traded at $4.50 and had previously closed at $4.29.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded SEALSQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, SEALSQ currently has a consensus rating of "Buy" and a consensus target price of $1.75.

SEALSQ Trading Down 1.3%

The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26. The firm has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $3.10.

Hedge Funds Weigh In On SEALSQ

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new stake in SEALSQ during the 4th quarter valued at $535,000. Cambridge Investment Research Advisors Inc. lifted its holdings in SEALSQ by 324.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company's stock worth $199,000 after acquiring an additional 58,650 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in SEALSQ by 25.8% during the first quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock worth $376,000 after acquiring an additional 29,625 shares in the last quarter. LaSalle St. Investment Advisors LLC bought a new position in SEALSQ during the first quarter worth about $39,000. Finally, Virtu Financial LLC bought a new stake in shares of SEALSQ in the first quarter valued at about $359,000. Institutional investors own 1.25% of the company's stock.

SEALSQ Company Profile

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.