WISeKey International's (WKEY) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• WISeKey International's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, reflecting ongoing concerns among analysts about its performance.
• Multiple analysts have issued varying ratings on WISeKey, with a consensus rating of "Hold" and an average target price of $7.50, indicating uncertainty in investor sentiment.
• The company’s stock price is currently at $6.50, with significant fluctuations over the past year, including a low of $1.61 and a high of $14.00.

WISeKey International (NASDAQ:WKEY - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of WISeKey International from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Maxim Group upped their target price on shares of WISeKey International from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.50.

WISeKey International Price Performance

Shares of WKEY stock traded down $0.12 during trading on Wednesday, reaching $6.50. 71,906 shares of the company's stock traded hands, compared to its average volume of 300,346. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.96 and a current ratio of 6.05. The firm's 50-day moving average is $5.75 and its 200 day moving average is $5.51. WISeKey International has a 1 year low of $1.61 and a 1 year high of $14.00.

Hedge Funds Weigh In On WISeKey International

Several institutional investors and hedge funds have recently made changes to their positions in WKEY. XTX Topco Ltd bought a new position in shares of WISeKey International during the 2nd quarter valued at $81,000. GAMMA Investing LLC bought a new position in shares of WISeKey International during the 1st quarter valued at $45,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of WISeKey International by 62.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company's stock valued at $68,000 after purchasing an additional 6,623 shares during the last quarter. Institutional investors own 0.33% of the company's stock.

WISeKey International Company Profile

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.

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