SEALSQ (NASDAQ:LAES) Shares Gap Up - Time to Buy?

Key Points

• SEALSQ Corp.'s stock price rose from $4.36 to $4.63 prior to trading, closing at $4.60 with significant trading volume of over 11 million shares.
• Despite a recent upgrade to a "hold" rating from Wall Street Zen, the average rating for SEALSQ remains a "sell," indicating mixed analyst sentiment.
• Institutional investors have recently increased their positions in SEALSQ, with notable purchases including a $7.9 million investment by Steward Partners Investment Advisory LLC.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $4.36, but opened at $4.63. SEALSQ shares last traded at $4.60, with a volume of 11,498,271 shares changing hands.

Wall Street Analysts Forecast Growth

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

SEALSQ Stock Performance

The business's 50-day moving average price is $3.21 and its 200 day moving average price is $3.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38.

Hedge Funds Weigh In On SEALSQ

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new position in shares of SEALSQ during the 2nd quarter valued at about $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of SEALSQ by 11.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company's stock worth $2,357,000 after purchasing an additional 59,902 shares in the last quarter. Rafferty Asset Management LLC bought a new position in SEALSQ during the first quarter valued at approximately $530,000. SBI Securities Co. Ltd. raised its position in SEALSQ by 12.2% during the second quarter. SBI Securities Co. Ltd. now owns 162,240 shares of the company's stock valued at $654,000 after acquiring an additional 17,679 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in SEALSQ during the first quarter valued at approximately $359,000. 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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