SEALSQ (NASDAQ:LAES) Stock Price Down 5.1% – Time to Sell?

SEALSQ Corp. (NASDAQ:LAES) traded down 5.1% during mid-day trading on Tuesday . The stock traded as low as $4.13 and last traded at $4.1260. 2,610,271 shares were traded during trading, a decline of 60% from the average session volume of 6,460,673 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research note on Tuesday, October 14th. Cantor Fitzgerald assumed coverage on shares of SEALSQ in a report on Thursday, December 18th. They set an “overweight” rating and a $7.00 price target for the company. Finally, Wall Street Zen upgraded shares of SEALSQ from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SEALSQ currently has an average rating of “Hold” and an average target price of $7.00.

SEALSQ Price Performance

The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $4.65 and its two-hundred day simple moving average is $4.15.

Institutional Investors Weigh In On SEALSQ

Hedge funds and other institutional investors have recently modified their holdings of the stock. A&I Financial Services LLC acquired a new position in SEALSQ during the 3rd quarter valued at $40,000. DKM Wealth Management Inc. acquired a new position in shares of SEALSQ during the third quarter valued at about $37,000. Baader Bank Aktiengesellschaft bought a new stake in shares of SEALSQ in the third quarter valued at about $41,000. Convergence Financial LLC acquired a new stake in SEALSQ during the third quarter worth about $41,000. Finally, Gainplan LLC bought a new position in SEALSQ during the third quarter valued at about $42,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

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. 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.