SEALSQ Corp. (NASDAQ:LAES - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders bought 83,453 call options on the company. This is an increase of 396% compared to the typical daily volume of 16,812 call options.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on LAES shares. Wall Street Zen raised SEALSQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SEALSQ in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".
Get Our Latest Stock Report on LAES
SEALSQ Stock Performance
Shares of NASDAQ LAES traded up $0.80 during trading on Thursday, hitting $5.16. The company had a trading volume of 59,543,659 shares, compared to its average volume of 16,597,705. The stock has a 50 day simple moving average of $3.21 and a 200 day simple moving average of $3.19. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03. SEALSQ has a 12 month low of $0.31 and a 12 month high of $11.00.
Institutional Trading of SEALSQ
Institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of SEALSQ by 324.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company's stock worth $199,000 after purchasing an additional 58,650 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of SEALSQ by 25.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock worth $376,000 after purchasing an additional 29,625 shares during the period. LaSalle St. Investment Advisors LLC purchased a new position in shares of SEALSQ in the 1st quarter worth approximately $39,000. Virtu Financial LLC purchased a new position in shares of SEALSQ in the 1st quarter worth approximately $359,000. Finally, Rafferty Asset Management LLC purchased a new position in shares of SEALSQ in the 1st quarter worth approximately $530,000. Hedge funds and other institutional investors own 1.25% of the company's stock.
About SEALSQ
(
Get Free Report)
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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