SEALSQ (NASDAQ:LAES) Stock Rating Lowered by Wall Street Zen

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

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

SEALSQ Stock Performance

NASDAQ LAES opened at $2.24 on Friday. The stock’s 50 day moving average price is $2.50 and its two-hundred day moving average price is $2.87. SEALSQ has a 52 week low of $1.99 and a 52 week high of $8.71.

SEALSQ (NASDAQ:LAES) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $5.58 million for the quarter. Analysts anticipate that SEALSQ will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other SEALSQ news, VP Jean-Pierre Enguent sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $2.40, for a total transaction of $36,000.00. Following the transaction, the vice president owned 15,000 shares of the company’s stock, valued at $36,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 45,000 shares of company stock valued at $115,200 in the last ninety days.

Hedge Funds Weigh In On SEALSQ

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Asset One Wealth Management LLC acquired a new position in SEALSQ during the second quarter worth $28,000. IFP Advisors Inc raised its position in SEALSQ by 51.7% during the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock worth $33,000 after acquiring an additional 2,945 shares in the last quarter. Convergence Financial LLC lifted its stake in SEALSQ by 28.9% in the fourth quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock valued at $54,000 after acquiring an additional 3,189 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in SEALSQ by 104.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,570 shares of the company’s stock valued at $75,000 after acquiring an additional 14,570 shares during the last quarter. Finally, State of Wyoming grew its position in shares of SEALSQ by 458.0% in the 1st quarter. State of Wyoming now owns 34,636 shares of the company’s stock valued at $91,000 after acquiring an additional 28,429 shares during the period. 1.25% of the stock is owned by institutional investors.

About SEALSQ

SEALSQ Corp. (NASDAQ: LAES) develops and supplies semiconductor and cybersecurity technologies designed to secure connected devices and digital transactions. Its offerings include secure microcontrollers, hardware security modules, cryptographic components, and public key infrastructure (PKI) services used to authenticate devices, protect data, and support trusted digital identities.

The company focuses on applications involving the Internet of Things, industrial systems, automotive technology, telecommunications, cloud infrastructure, and other connected environments.