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

Key Points

• SEALSQ Corp. shares gapped up from a previous close of $7.65 to an opening price of $8.26, with a notable trading volume of 39,731,733 shares.
• While Wall Street Zen upgraded SEALSQ from a "sell" to a "hold" rating, the stock maintains an average rating of "sell" from other analysts.
• Institutional investors have shown interest in SEALSQ, with notable stakes including a new investment of approximately $7.9 million by Steward Partners Investment Advisory LLC in the 2nd quarter.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.65, but opened at $8.26. SEALSQ shares last traded at $7.20, with a volume of 39,731,733 shares changing hands.

Analyst Upgrades and Downgrades

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

SEALSQ Stock Performance

The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $3.48 and its 200-day simple moving average is $3.28.

Institutional Trading of SEALSQ

A number of institutional investors and hedge funds have recently modified their holdings of LAES. Steward Partners Investment Advisory LLC bought a new stake in shares of SEALSQ in the 2nd quarter valued at about $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in SEALSQ during the 1st quarter worth approximately $1,365,000. Rafferty Asset Management LLC bought a new stake in SEALSQ during the 1st quarter worth approximately $530,000. Virtu Financial LLC bought a new stake in SEALSQ during the 1st quarter worth approximately $359,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in 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 purchasing an additional 58,650 shares in the last quarter. 1.25% of the stock is owned by institutional investors.

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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