SEALSQ (NASDAQ:LAES) Shares Gap Up - What's Next?

Key Points

• SEALSQ Corp. shares gapped up from a previous close of $4.21 to open at $4.47, with significant trading volume of 5,862,762 shares.
• Wall Street Zen upgraded SEALSQ from a "sell" rating to a "hold" rating, although the stock has a consensus target price of $1.75 based on average ratings.
• Institutional investors have recently increased their stakes in SEALSQ, with notable purchases totaling approximately $10 million from various investment firms.

Shares of SEALSQ Corp. (NASDAQ:LAES - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $4.21, but opened at $4.47. SEALSQ shares last traded at $4.21, with a volume of 5,862,762 shares traded.

Analyst Upgrades and Downgrades

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

SEALSQ Stock Down 6.1%

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 stock has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $3.10.

Institutional Trading of SEALSQ

A number of large investors have recently modified their holdings of LAES. Steward Partners Investment Advisory LLC bought a new stake in shares of SEALSQ during the 2nd quarter valued at about $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SEALSQ during the 1st quarter valued at about $1,365,000. Rafferty Asset Management LLC bought a new stake in shares of SEALSQ during the 1st quarter valued at about $530,000. Virtu Financial LLC bought a new stake in shares of SEALSQ during the 1st quarter valued at about $359,000. Finally, Millennium Management LLC bought a new stake in SEALSQ in the 4th quarter worth approximately $535,000. 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.

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