SEALSQ (NASDAQ:LAES) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of SEALSQ (NASDAQ:LAESFree Report) from a sell rating to a strong sell rating in a research note published on Saturday,Wall Street Zen reports.

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

View Our Latest Stock Report on SEALSQ

SEALSQ Trading Down 2.6%

NASDAQ:LAES opened at $2.24 on Friday. SEALSQ has a 1 year low of $1.99 and a 1 year high of $8.71. The firm’s fifty day simple moving average is $2.50 and its 200 day simple moving average is $2.88.

SEALSQ (NASDAQ:LAESGet Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $5.58 million for the quarter. As a group, equities research analysts predict that SEALSQ will post -0.24 earnings per share for the current year.

Insider Activity

In other news, VP Jean-Pierre Enguent sold 15,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $2.40, for a total value of $36,000.00. Following the completion of the transaction, the vice president owned 15,000 shares in the company, valued at approximately $36,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $115,200.

Institutional Trading of SEALSQ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new position in SEALSQ in the second quarter worth about $307,000. Squarepoint Ops LLC boosted its holdings in SEALSQ by 125.0% during the second quarter. Squarepoint Ops LLC now owns 179,854 shares of the company’s stock valued at $567,000 after purchasing an additional 99,924 shares in the last quarter. William John Sempolinski acquired a new stake in SEALSQ during the second quarter valued at approximately $125,000. AXQ Capital LP bought a new stake in shares of SEALSQ in the 2nd quarter valued at approximately $120,000. Finally, Headlands Technologies LLC bought a new stake in shares of SEALSQ in the 2nd quarter valued at approximately $630,000. Institutional investors own 1.25% of the company’s stock.

About SEALSQ

(Get Free Report)

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.

Further Reading

Receive News & Ratings for SEALSQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEALSQ and related companies with MarketBeat.com's FREE daily email newsletter.