SEALSQ (NASDAQ:LAES) Trading Down 5.1% – What’s Next?

SEALSQ Corp. (NASDAQ:LAES) shares fell 5.1% during trading on Tuesday . The stock traded as low as $4.13 and last traded at $4.1260. 2,610,271 shares traded hands 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

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a research report on Friday, December 19th. Wall Street Zen upgraded SEALSQ from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a report on Tuesday, October 14th. Finally, Cantor Fitzgerald assumed coverage on SEALSQ in a report on Thursday, December 18th. They issued an “overweight” rating and a $7.00 target price for the company. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

SEALSQ Stock Down 7.0%

The company has a fifty day moving average price of $4.74 and a 200-day moving average price of $4.14. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. A&I Financial Services LLC purchased a new stake in shares of SEALSQ in the third quarter valued at about $40,000. DKM Wealth Management Inc. acquired a new position in SEALSQ during the third quarter worth $37,000. Baader Bank Aktiengesellschaft purchased a new position in SEALSQ in the third quarter worth $41,000. Convergence Financial LLC acquired a new stake in SEALSQ in the third quarter valued at $41,000. Finally, Gainplan LLC acquired a new stake in SEALSQ in the third quarter valued at $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.