SEALSQ (NASDAQ:LAES) Shares Gap Up – Here’s What Happened

SEALSQ Corp. (NASDAQ:LAES)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.31, but opened at $4.50. SEALSQ shares last traded at $4.39, with a volume of 7,312,806 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LAES. Wall Street Zen upgraded SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEALSQ in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

SEALSQ Stock Performance

The business has a fifty day simple moving average of $3.13 and a two-hundred day simple moving average of $3.16. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03.

Institutional Trading of SEALSQ

A number of hedge funds and other institutional investors have recently modified their holdings of LAES. Millennium Management LLC acquired a new stake in shares of SEALSQ in the 4th quarter worth $535,000. Cambridge Investment Research Advisors Inc. increased its stake 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 acquiring an additional 58,650 shares during the last quarter. SBI Securities Co. Ltd. increased its stake 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 acquiring an additional 29,625 shares during the last quarter. LaSalle St. Investment Advisors LLC acquired a new stake in shares of SEALSQ in the 1st quarter worth $39,000. Finally, Virtu Financial LLC acquired a new stake in shares of SEALSQ in the 1st quarter worth $359,000. 1.25% of the stock is 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.