SEALSQ (NASDAQ:LAES) Shares Down 13.8% – Should You Sell?

SEALSQ Corp. (NASDAQ:LAES) shares traded down 13.8% during mid-day trading on Friday . The company traded as low as $3.17 and last traded at $3.1450. 9,609,536 shares traded hands during trading, a decline of 13% from the average session volume of 11,100,969 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen cut SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Cantor Fitzgerald lowered their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.00.

SEALSQ Trading Down 13.0%

The business has a 50-day moving average price of $2.88 and a 200-day moving average price of $3.68.

SEALSQ (NASDAQ:LAES) last announced its quarterly earnings results on Monday, March 16th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.71 million during the quarter. On average, analysts predict that SEALSQ Corp. will post -0.17 EPS for the current year.

Insider Buying and Selling at SEALSQ

In related news, CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $3.69, for a total value of $36,900.00. Following the sale, the chief financial officer owned 256,156 shares of the company’s stock, valued at $945,215.64. The trade was a 3.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $2.20, for a total value of $33,000.00. Following the completion of the sale, the vice president directly owned 15,000 shares in the company, valued at approximately $33,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 155,521 shares of company stock worth $440,043.

Institutional Trading of SEALSQ

Several institutional investors have recently bought and sold shares of LAES. Blue Trust Inc. acquired a new stake in SEALSQ in the 4th quarter valued at $26,000. Wells Fargo & Company MN acquired a new stake in SEALSQ in the 4th quarter valued at $27,000. IFP Advisors Inc boosted its stake in SEALSQ by 51.7% in the 4th quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after buying an additional 2,945 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in SEALSQ by 172.2% in the 4th quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after buying an additional 5,969 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in SEALSQ in the fourth quarter worth $40,000. 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.