SEALSQ (NASDAQ:LAES) Stock Price Down 5.1% – Time to Sell?

SEALSQ Corp. (NASDAQ:LAES)’s stock price fell 5.1% on Tuesday . The company traded as low as $4.13 and last traded at $4.1260. 2,610,271 shares were traded during mid-day trading, a decline of 60% from the average session volume of 6,460,673 shares. The stock had previously closed at $4.35.

Analyst Ratings Changes

LAES has been the subject of a number of recent analyst reports. Zacks Research raised SEALSQ to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Tuesday, October 14th. Wall Street Zen raised shares of SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Cantor Fitzgerald began coverage on SEALSQ in a research note on Thursday, December 18th. They issued an “overweight” rating and a $7.00 price objective on the stock. One 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, the company presently has an average rating of “Hold” and an average target price of $7.00.

SEALSQ Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38. The company has a 50 day moving average of $4.74 and a 200 day moving average of $4.14.

Hedge Funds Weigh In On SEALSQ

Several institutional investors and hedge funds have recently made changes to their positions in LAES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SEALSQ in the 1st quarter valued at $1,365,000. Curbstone Financial Management Corp bought a new stake in SEALSQ during the second quarter worth about $149,000. Allworth Financial LP bought a new position in SEALSQ in the 2nd quarter valued at about $47,000. SBI Securities Co. Ltd. raised its position in shares of SEALSQ by 12.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 162,240 shares of the company’s stock valued at $654,000 after buying an additional 17,679 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of SEALSQ by 383.5% during the 2nd quarter. Geode Capital Management LLC now owns 62,449 shares of the company’s stock worth $252,000 after acquiring an additional 49,534 shares during the period. Institutional investors and hedge funds own 1.25% of the company’s stock.

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.