SEALSQ (NASDAQ:LAES) Trading Up 10% - What's Next?

Key Points

• SEALSQ Corp. shares surged 10% during trading on Friday, reaching a high of $6.29 after closing at $5.72.
• Research analysts have mixed opinions on the stock, with Weiss Ratings maintaining a "sell" rating and Wall Street Zen upgrading it to a "hold."
• Institutional investors have shown increased interest, with several buying stakes in SEALSQ, contributing to a total ownership of 1.25% by institutional investors.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report)'s share price was up 10% during mid-day trading on Friday . The stock traded as high as $6.27 and last traded at $6.29. Approximately 21,289,068 shares were traded during trading, an increase of 9% from the average daily volume of 19,606,650 shares. The stock had previously closed at $5.72.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LAES shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of SEALSQ in a research note on Tuesday, October 14th. Wall Street Zen upgraded SEALSQ from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

SEALSQ Trading Up 21.1%

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 $3.97 and a 200-day simple moving average of $3.46.

Hedge Funds Weigh In On SEALSQ

Several institutional investors have recently modified their holdings of LAES. Steward Partners Investment Advisory LLC bought a new stake in SEALSQ in the 2nd quarter valued at approximately $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in SEALSQ in the 1st quarter valued at approximately $1,365,000. Rafferty Asset Management LLC bought a new stake in SEALSQ in the 1st quarter valued at approximately $530,000. Virtu Financial LLC bought a new stake in SEALSQ in the 1st quarter valued at approximately $359,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in SEALSQ by 324.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company's stock valued at $199,000 after acquiring an additional 58,650 shares in the last quarter. 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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