SEALSQ (NASDAQ:LAES) Stock Price Down 5.2% - Here's What Happened

Key Points

• LAES shares fell 5.2% intraday to about $2.82 (low $2.85) with trading volume of ~2.45M, down 74% from the average session volume.
• Analysts are mixed: MarketBeat shows a consensus Hold rating with a $6.00 price target, while individual firms' targets and ratings range from sells to $4–$8 price objectives.
• Insiders sold 125,250 shares (~$331,928) this quarter under Rule 10b5-1 (including CFO and VP sales), and the company reported Q1 EPS of -$0.04 on $6.71M revenue with a FY EPS estimate of -$0.17.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) shares fell 5.2% during mid-day trading on Tuesday . The company traded as low as $2.85 and last traded at $2.8150. 2,453,722 shares changed hands during trading, a decline of 74% from the average session volume of 9,567,172 shares. The stock had previously closed at $2.97.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LAES. Weiss Ratings reissued a "sell (e+)" rating on shares of SEALSQ in a research report on Friday, January 9th. Maxim Group set a $8.00 price objective on SEALSQ in a research report on Thursday, January 15th. Wall Street Zen lowered SEALSQ from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Finally, Cantor Fitzgerald reduced their price target on SEALSQ from $7.00 to $4.00 and set an "overweight" rating for the company in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SEALSQ currently has a consensus rating of "Hold" and a consensus price target of $6.00.

SEALSQ Stock Down 2.9%

The stock has a 50 day moving average of $3.11 and a two-hundred day moving average of $4.16.

SEALSQ (NASDAQ:LAES - Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.71 million during the quarter. On average, research analysts predict that SEALSQ Corp. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at SEALSQ

In other news, CFO John Charles O'hara sold 10,000 shares of SEALSQ stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $3.06, for a total value of $30,600.00. Following the transaction, the chief financial officer directly owned 296,095 shares in the company, valued at approximately $906,050.70. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Jean-Pierre Enguent sold 15,000 shares of SEALSQ stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $2.20, for a total value of $33,000.00. Following the completion of the transaction, the vice president owned 15,000 shares in the company, valued at $33,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 125,250 shares of company stock worth $331,928 over the last quarter.

Hedge Funds Weigh In On SEALSQ

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. bought a new position in shares of SEALSQ in the fourth quarter worth about $26,000. Wells Fargo & Company MN bought a new position in SEALSQ during the fourth quarter valued at about $27,000. IFP Advisors Inc increased its stake in SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company's stock valued at $33,000 after acquiring an additional 2,945 shares during the period. Farther Finance Advisors LLC increased its stake in SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company's stock valued at $36,000 after acquiring an additional 5,969 shares during the period. Finally, A&I Financial Services LLC bought a new position in SEALSQ during the third quarter valued at about $40,000. 1.25% of the stock is currently owned by institutional investors.

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. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.

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