SEALSQ (NASDAQ:LAES) Trading 11.8% Higher - What's Next?

Key Points

• SEALSQ Corp. (NASDAQ: LAES) saw its share price increase by 11.8% to $6.05 during mid-day trading on Monday, following a rise in trading volume.
• The current average analyst rating for SEALSQ is a "Sell," although one analyst has recently upgraded their rating to a "Hold."
• Institutional investors have shown interest in SEALSQ, with several funds purchasing new positions, indicating growing hedge fund interest.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report)'s share price traded up 11.8% during mid-day trading on Monday . The stock traded as high as $6.17 and last traded at $6.05. 19,269,148 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 17,373,320 shares. The stock had previously closed at $5.41.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of SEALSQ in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of SEALSQ from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".

SEALSQ Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38. The firm's 50-day simple moving average is $3.32 and its two-hundred day simple moving average is $3.23.

Hedge Funds Weigh In On SEALSQ

Several institutional investors and hedge funds have recently modified their holdings of LAES. DKM Wealth Management Inc. purchased a new position in shares of SEALSQ during the 3rd quarter valued at $37,000. LaSalle St. Investment Advisors LLC purchased a new position in shares of SEALSQ during the 1st quarter valued at $39,000. Gainplan LLC purchased a new position in shares of SEALSQ during the 3rd quarter valued at $42,000. Allworth Financial LP purchased a new position in shares of SEALSQ during the 2nd quarter valued at $47,000. Finally, Engineers Gate Manager LP purchased a new position in shares of SEALSQ during the 2nd quarter valued at $47,000. 1.25% of the stock is currently owned by hedge funds and other 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.

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