SEALSQ Target of Unusually High Options Trading (NASDAQ:LAES)

Key Points

• SEALSQ Corp. (NASDAQ:LAES) experienced a significant increase in options trading, with traders purchasing 27,110 call options, a rise of 226% from the average volume.
• After analysts updated their ratings, SEALSQ was raised from a "sell" to a "hold" rating, with a current consensus target price of $1.75.
• Institutional investors have recently increased their stakes in SEALSQ, with notable acquisitions totaling around $7.9 million in new investments during the second quarter.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) was the target of some unusual options trading on Monday. Traders bought 27,110 call options on the company. This is an increase of 226% compared to the average volume of 8,315 call options.

SEALSQ Stock Performance

Shares of LAES stock traded up $0.03 during trading hours on Monday, reaching $3.40. 18,287,879 shares of the company's stock were exchanged, compared to its average volume of 15,382,758. The stock's 50 day moving average is $3.03 and its 200-day moving average is $3.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38. SEALSQ has a fifty-two week low of $0.31 and a fifty-two week high of $11.00.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On SEALSQ

Several hedge funds have recently modified their holdings of LAES. Steward Partners Investment Advisory LLC acquired a new stake in SEALSQ in the 2nd quarter valued at about $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $2,357,000 after buying an additional 59,902 shares in the last quarter. Soviero Asset Management LP purchased a new position in shares of SEALSQ in the 4th quarter valued at $1,538,000. Rafferty Asset Management LLC acquired a new stake in SEALSQ during the 1st quarter worth approximately $530,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of SEALSQ by 12.2% in the second quarter. SBI Securities Co. Ltd. now owns 162,240 shares of the company's stock valued at $654,000 after acquiring an additional 17,679 shares in the last quarter. 1.25% of the stock is 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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