SEALSQ (NASDAQ:LAES) Stock Price Down 4.5% – Time to Sell?

Shares of SEALSQ Corp. (NASDAQ:LAES) were down 4.5% during mid-day trading on Wednesday . The company traded as low as $3.77 and last traded at $3.7540. Approximately 4,779,105 shares changed hands during trading, a decline of 75% from the average daily volume of 19,227,676 shares. The stock had previously closed at $3.93.

Analysts Set New Price Targets

A number of analysts have weighed in on LAES shares. Cantor Fitzgerald began coverage on shares of SEALSQ in a research report on Thursday, December 18th. They issued an “overweight” rating and a $7.00 target price on the stock. Zacks Research upgraded shares of SEALSQ to a “hold” rating in a report on Friday, December 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.00.

SEALSQ Stock Down 3.8%

The company’s 50 day moving average price is $4.85 and its 200-day moving average price is $4.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of SEALSQ in the 2nd quarter valued at about $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of SEALSQ in the first quarter worth approximately $1,365,000. Millennium Management LLC boosted its holdings in SEALSQ by 747.8% in the third quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock valued at $1,838,000 after acquiring an additional 433,547 shares during the last quarter. Vident Advisory LLC bought a new stake in SEALSQ in the third quarter valued at approximately $988,000. Finally, Tudor Investment Corp ET AL acquired a new stake in SEALSQ during the 3rd quarter valued at approximately $955,000. 1.25% of the stock is owned by institutional investors and hedge funds.

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.