SEALSQ (NASDAQ:LAES) Stock Price Up 8.2% – What’s Next?

SEALSQ Corp. (NASDAQ:LAES)’s stock price was up 8.2% on Thursday . The stock traded as high as $4.75 and last traded at $4.6650. Approximately 8,853,581 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 7,813,131 shares. The stock had previously closed at $4.31.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LAES shares. Zacks Research raised shares of SEALSQ to a “hold” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a report on Friday, January 9th. Cantor Fitzgerald began coverage on SEALSQ in a report on Thursday, December 18th. They set an “overweight” rating and a $7.00 price objective for the company. Finally, Maxim Group set a $8.00 target price on SEALSQ in a research report on Thursday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SEALSQ presently has a consensus rating of “Hold” and an average price target of $7.50.

SEALSQ Price Performance

The company’s 50-day moving average is $4.41 and its two-hundred day moving average is $4.15. 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 Investors Weigh In On SEALSQ

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