SEALSQ (NASDAQ:LAES) Shares Up 11.1% – Should You Buy?

SEALSQ Corp. (NASDAQ:LAES) traded up 11.1% during trading on Wednesday . The stock traded as high as $6.60 and last traded at $6.5650. 12,366,262 shares traded hands during trading, a decline of 39% from the average session volume of 20,297,273 shares. The stock had previously closed at $5.91.

Analysts Set New Price Targets

LAES has been the subject of a number of analyst reports. Wall Street Zen raised shares of SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, SEALSQ has an average rating of “Sell”.

SEALSQ Trading Up 2.5%

The stock’s 50 day simple moving average is $4.81 and its 200-day simple moving average is $3.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38.

Hedge Funds Weigh In On SEALSQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft purchased a new stake in SEALSQ during the 3rd quarter valued at about $41,000. SBI Securities Co. Ltd. lifted its holdings in shares of SEALSQ by 44.4% during the third quarter. SBI Securities Co. Ltd. now owns 234,249 shares of the company’s stock worth $876,000 after purchasing an additional 72,009 shares during the period. A&I Financial Services LLC purchased a new stake in SEALSQ in the third quarter valued at approximately $40,000. SG Americas Securities LLC purchased a new stake in SEALSQ in the third quarter valued at approximately $185,000. Finally, Sage Advisors LLC acquired a new position in SEALSQ in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors 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.