Traders Buy High Volume of SEALSQ Call Options (NASDAQ:LAES)

Key Points

• SEALSQ Corp. experienced a significant increase in call options trading, with 79,213 call options purchased, marking a 122% increase from the average daily volume.
• The stock price surged by 21.1% to $6.93, with a total trading volume of over 46 million shares, well above its usual volume.
• Despite recent upgrades in ratings, the consensus remains a sell, with multiple analysts holding contrasting viewpoints on the stock's performance.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report) saw some unusual options trading on Friday. Traders purchased 79,213 call options on the stock. This represents an increase of approximately 122% compared to the typical daily volume of 35,742 call options.

SEALSQ Trading Up 21.1%

NASDAQ LAES traded up $1.21 during trading on Friday, hitting $6.93. The company's stock had a trading volume of 46,360,022 shares, compared to its average volume of 19,717,336. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26. The business's 50 day simple moving average is $3.97 and its 200-day simple moving average is $3.46. SEALSQ has a fifty-two week low of $0.31 and a fifty-two week high of $11.00.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On SEALSQ

Institutional investors and hedge funds have recently modified their holdings of the company. DKM Wealth Management Inc. acquired a new stake in shares of SEALSQ during the third quarter worth about $37,000. A&I Financial Services LLC acquired a new stake in shares of SEALSQ during the third quarter worth about $40,000. Gainplan LLC acquired a new stake in shares of SEALSQ during the third quarter worth about $42,000. Sage Advisors LLC acquired a new stake in shares of SEALSQ during the third quarter worth about $43,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of SEALSQ during the second quarter worth about $47,000. Institutional investors and hedge funds 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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