SEALSQ (NASDAQ:LAES) Shares Gap Down – Should You Sell?

Shares of SEALSQ Corp. (NASDAQ:LAES) gapped down before the market opened on Monday . The stock had previously closed at $3.95, but opened at $3.81. SEALSQ shares last traded at $3.8050, with a volume of 757,669 shares.

Analyst Upgrades and Downgrades

LAES has been the topic of several research reports. Cantor Fitzgerald initiated coverage on SEALSQ in a report on Thursday, December 18th. They issued an “overweight” rating and a $7.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a report on Friday, December 19th. Finally, Maxim Group set a $8.00 target price on shares of SEALSQ in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.50.

SEALSQ Stock Performance

The business has a 50 day simple moving average of $4.18 and a two-hundred day simple moving average of $4.30. 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

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in SEALSQ during the fourth quarter worth approximately $26,000. Wells Fargo & Company MN acquired a new stake in shares of SEALSQ during the 4th quarter worth $27,000. IFP Advisors Inc raised its position in shares of SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after buying an additional 2,945 shares during the period. Farther Finance Advisors LLC boosted its holdings in SEALSQ by 172.2% in the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after acquiring an additional 5,969 shares during the last quarter. Finally, DKM Wealth Management Inc. acquired a new position in SEALSQ in the third quarter valued at $37,000. 1.25% of the stock is currently 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.