Wall Street Zen Upgrades SEALSQ (NASDAQ:LAES) to “Sell”

SEALSQ (NASDAQ:LAES) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEALSQ in a research note on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

SEALSQ Stock Performance

LAES opened at $2.11 on Friday. The firm has a 50-day moving average of $2.45 and a 200 day moving average of $2.73. SEALSQ has a fifty-two week low of $1.99 and a fifty-two week high of $8.71.

SEALSQ (NASDAQ:LAES) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The business had revenue of $5.58 million for the quarter. On average, equities analysts forecast that SEALSQ will post -0.24 earnings per share for the current fiscal year.

Insider Activity

In other SEALSQ news, VP Jean-Pierre Enguent sold 35,000 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $2.46, for a total value of $86,100.00. Following the sale, the vice president directly owned 35,000 shares in the company, valued at $86,100. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 65,000 shares of company stock valued at $159,000 in the last 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LAES. Asset One Wealth Management LLC bought a new stake in SEALSQ in the 2nd quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in SEALSQ by 104.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock valued at $75,000 after purchasing an additional 14,570 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in SEALSQ by 68.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 48,365 shares of the company’s stock valued at $183,000 after purchasing an additional 19,664 shares during the last quarter. State of Wyoming boosted its position in SEALSQ by 458.0% during the first quarter. State of Wyoming now owns 34,636 shares of the company’s stock worth $91,000 after purchasing an additional 28,429 shares during the period. Finally, AXQ Capital LP bought a new position in SEALSQ during the second quarter worth about $120,000. Institutional investors own 1.25% of the company’s stock.

SEALSQ Company Profile

SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity solutions designed to support digital identity, device security, and trusted communications. Its offerings include secure microcontrollers, hardware security modules, and public key infrastructure (PKI) technologies that help authenticate connected devices, protect digital credentials, and secure data throughout its lifecycle.

The company also focuses on post-quantum cryptography and quantum-resistant security technologies intended to help organizations prepare for future advances in computing.