SEALSQ (NASDAQ:LAES) Stock Price Down 4.5% – Time to Sell?

SEALSQ Corp. (NASDAQ:LAES) shares were down 4.5% on Wednesday . The company traded as low as $3.77 and last traded at $3.7540. Approximately 4,779,105 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 19,227,676 shares. The stock had previously closed at $3.93.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LAES shares. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Cantor Fitzgerald began coverage on SEALSQ in a report on Thursday, December 18th. They set an “overweight” rating and a $7.00 price target on the stock. Wall Street Zen upgraded SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SEALSQ presently has a consensus rating of “Hold” and a consensus price target of $7.00.

SEALSQ Stock Down 4.5%

The firm’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $4.14. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LAES. DKM Wealth Management Inc. bought a new stake in shares of SEALSQ in the 3rd quarter worth about $37,000. A&I Financial Services LLC purchased a new position in SEALSQ in the third quarter worth about $40,000. Baader Bank Aktiengesellschaft bought a new stake in SEALSQ during the third quarter worth approximately $41,000. Convergence Financial LLC purchased a new stake in SEALSQ during the third quarter valued at approximately $41,000. Finally, Gainplan LLC bought a new stake in shares of SEALSQ in the 3rd quarter valued at approximately $42,000. 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. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.