SEALSQ (NASDAQ:LAES) Trading 10.5% Higher – Should You Buy?

SEALSQ Corp. (NASDAQ:LAES)’s stock price rose 10.5% during trading on Thursday . The stock traded as high as $5.32 and last traded at $5.1250. Approximately 10,873,740 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 9,760,845 shares. The stock had previously closed at $4.64.

Analyst Ratings Changes

LAES has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on SEALSQ in a research note on Thursday, December 18th. They set an “overweight” rating and a $7.00 target price for the company. Maxim Group set a $8.00 target price on SEALSQ in a report on Thursday, January 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research report on Friday, January 9th. Finally, Zacks Research raised SEALSQ to a “hold” rating in a research report on Friday, December 19th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.

SEALSQ Price Performance

The company has a fifty day moving average of $4.29 and a two-hundred day moving average of $4.18. 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

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in SEALSQ during the 4th quarter worth approximately $26,000. DKM Wealth Management Inc. purchased a new stake in shares of SEALSQ in the third quarter valued at approximately $37,000. A&I Financial Services LLC acquired a new position in SEALSQ during the third quarter worth $40,000. Baader Bank Aktiengesellschaft acquired a new position in SEALSQ during the third quarter worth $41,000. Finally, Convergence Financial LLC purchased a new position in SEALSQ in the third quarter worth $41,000. Hedge funds and other institutional investors 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.