SEALSQ (NASDAQ:LAES) Shares Down 6.6% - What's Next?

Key Points

• Shares of SEALSQ Corp. (NASDAQ:LAES) fell by 6.6% to trade at $4.34, with a significant decrease in trading volume by 27% from its average.
• Wall Street analysts have mixed sentiments, with one firm upgrading the stock from a "sell" to a "hold," while another maintains a "sell (d-)" rating, leading to an overall consensus rating of "Sell."
• Despite recent sell-offs, institutional investors have been active, with several firms increasing their holdings, demonstrating continued interest in the company's stock.

Shares of SEALSQ Corp. (NASDAQ:LAES - Get Free Report) were down 6.6% on Monday . The stock traded as low as $4.34 and last traded at $4.34. Approximately 11,703,787 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 15,960,087 shares. The stock had previously closed at $4.64.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LAES shares. Wall Street Zen raised shares of SEALSQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of SEALSQ in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

SEALSQ Stock Performance

The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03. The business's fifty day moving average price is $3.13 and its two-hundred day moving average price is $3.16.

Institutional Trading of SEALSQ

Several hedge funds and other institutional investors have recently bought and sold shares of LAES. Millennium Management LLC bought a new position in SEALSQ during the fourth quarter valued at $535,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of SEALSQ by 324.8% during the 1st 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 during the last quarter. SBI Securities Co. Ltd. grew its position in SEALSQ by 25.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock valued at $376,000 after acquiring an additional 29,625 shares during the last quarter. LaSalle St. Investment Advisors LLC purchased a new stake in SEALSQ in the first quarter worth $39,000. Finally, Virtu Financial LLC bought a new stake in shares of SEALSQ during the first quarter worth $359,000. Hedge funds and other institutional investors 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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