Analysts Update Their Price Forecasts For SEALSQ Corp (LAES)

After grabbing 59469.0 shares, the institutional investor is now in possession of 59469.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.79% having worth around $62442.0. Moreover, Citadel Securities LLC increased its share by 28873.0 to have a control over 28873.0 shares. And Morgan Stanley & Co. LLC raised its holdings to 2400.0 shares by acquiring 2400.0 shares or 0.03% of the stake.

SEALSQ Corp (LAES) concluded trading on 01/03/24 at a closing price of $1.42, with 11.82 million shares of worth about $16.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -89.93% during that period and on Wednesday the price saw a gain of about 21.37%. Currently the company’s common shares owned by public are about 7.50M shares.

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R-co 2 SICAV – Thematic Blockchai, iShares Core SPI, and Swisscanto are the top 3 mutual funds which are holding stakes in SEALSQ Corp R-co 2 SICAV – Thematic Blockchai is currently holding 14670.0 shares of worth totaling $15404.0. The company recently came buying 0.0 shares which brought its stake up to 0.20% of the company’s outstanding shares. Swisscanto, after buying 1115.0 shares, have now control over 0.02% of the stake in the company. It holds 1115.0 shares of worth $1171.0.

SEALSQ Corp (NASDAQ: LAES) started trading at $1.26, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 1.5500, or with a gain of 21.37%. Stock saw a price change of 26.79% in past 5 days and over the past one month there was a price change of 37.86%. Over the period of past 52 weeks, stock dropped to lowest price of $0.91 but also hit the highest price of $28.50 during that period. The average intraday trading volume for SEALSQ Corp shares is 1.06 million. The stock is currently trading 30.36% above its 20-day simple moving average (SMA20), while that difference is up 17.52% for SMA50 and it goes to -77.35% lower than SMA200.

Susquehanna Financial Group LLLP acquired 59469.0 shares of SEALSQ Corp having value of about $62442.0. SEALSQ Corp (NASDAQ: LAES) currently have 7.50M outstanding shares and institutions hold larger chunk of about 0.79% of that. Holding of mutual funds in the company is about 0.26% while other institutional holders and individual stake holders have control over 1.33% and — of the stake respectively.

The stock has a current market capitalization of $21.30M. PE ratio of stock for trailing 12 months is 4.02, while it has posted earnings per share of $0.35 in the same period. It has Quick Ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LAES, volatility over the week remained 26.42% while standing at 16.29% over the month.

Analysts are in expectations that SEALSQ Corp (LAES) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.

Analysts at 1 brokerage firms have issued recommendations for the SEALSQ Corp (LAES)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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