SEALSQ (NASDAQ:LAES) Rating Increased to Hold at Wall Street Zen

Key Points

• SEALSQ's rating was upgraded from "sell" to "hold" by Wall Street Zen, signaling a more positive outlook for investors.
• The company has experienced significant stock fluctuations, with a 12-month low of $0.31 and a high of $11.00.
• Institutional investors are taking an interest in SEALSQ, with entities like Steward Partners Investment Advisory LLC investing approximately $7.9 million recently.

SEALSQ (NASDAQ:LAES - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

SEALSQ Stock Performance

Shares of SEALSQ stock traded down $0.07 on Friday, hitting $3.61. 22,243,870 shares of the company were exchanged, compared to its average volume of 6,026,765. The company has a 50-day moving average price of $3.01 and a 200 day moving average price of $3.07. SEALSQ has a 1-year low of $0.31 and a 1-year high of $11.00. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new position in shares of SEALSQ during the 2nd quarter worth approximately $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in SEALSQ by 11.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company's stock worth $2,357,000 after acquiring an additional 59,902 shares during the period. Soviero Asset Management LP purchased a new position in SEALSQ in the fourth quarter worth approximately $1,538,000. Rafferty Asset Management LLC purchased a new position in SEALSQ in the first quarter worth approximately $530,000. Finally, SBI Securities Co. Ltd. grew its position in SEALSQ by 12.2% in the second quarter. SBI Securities Co. Ltd. now owns 162,240 shares of the company's stock worth $654,000 after acquiring an additional 17,679 shares during the period. 1.25% of the stock is currently owned by institutional investors and hedge funds.

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.