SEALSQ (NASDAQ:LAES) Stock Price Down 7.4% – Here’s Why

SEALSQ Corp. (NASDAQ:LAES)’s share price was down 7.4% on Monday . The stock traded as low as $4.60 and last traded at $4.5550. Approximately 4,479,999 shares changed hands during trading, a decline of 58% from the average daily volume of 10,767,349 shares. The stock had previously closed at $4.92.

Analysts Set New Price Targets

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

SEALSQ Stock Performance

The stock’s 50-day moving average price is $4.34 and its 200-day moving average price is $4.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. bought a new stake in shares of SEALSQ during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC lifted its stake in SEALSQ by 172.2% in the fourth 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 during the period. DKM Wealth Management Inc. bought a new position in shares of SEALSQ during the 3rd quarter worth approximately $37,000. A&I Financial Services LLC acquired a new stake in shares of SEALSQ during the 3rd quarter worth approximately $40,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of SEALSQ during the 3rd quarter worth approximately $41,000. 1.25% of the stock is owned by institutional investors and hedge funds.

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.