SEALSQ (NASDAQ:LAES) Trading 7.1% Higher – What’s Next?

by · The Cerbat Gem

SEALSQ Corp. (NASDAQ:LAES – Get Free Report)’s stock price traded up 7.1% on Tuesday . The stock traded as high as $4.16 and last traded at $4.1750. 4,413,073 shares traded hands during trading, a decline of 78% from the average session volume of 19,666,338 shares. The stock had previously closed at $3.90.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (e+)” rating on shares of SEALSQ in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Report on SEALSQ

SEALSQ Stock Up 5.4%

The company has a 50 day simple moving average of $5.36 and a 200 day simple moving average of $4.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38.

Hedge Funds Weigh In On SEALSQ

Institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of SEALSQ in the 3rd quarter worth $955,000. Caitong International Asset Management Co. Ltd raised its holdings in SEALSQ by 276.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 28,701 shares of the company’s stock worth $107,000 after purchasing an additional 21,067 shares in the last quarter. Verition Fund Management LLC acquired a new stake in SEALSQ in the third quarter valued at about $107,000. Millennium Management LLC boosted its holdings in SEALSQ by 747.8% in the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock valued at $1,838,000 after purchasing an additional 433,547 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in SEALSQ in the 3rd quarter valued at approximately $167,000. 1.25% of the stock is owned by institutional investors and hedge funds.

SEALSQ Company Profile

(Get Free Report)

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.

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