Susquehanna Financial Group LLLP recently announced the acquisition of new stake in SEALSQ Corp (NASDAQ:LAES). This fresh investment now brings its stake to 0.79% valued currently at $62442.0. In addition, Citadel Securities LLC raised its holdings by 28873.0 to 28873.0 shares.
With over 5.2 million SEALSQ Corp (LAES) shares trading Tuesday and a closing price of $1.60 on the day, the dollar volume was approximately $8.33 million. The shares have shown a negative half year performance of -85.99% and its price on 01/09/24 gained nearly 23.08%.
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The top 3 mutual fund holders in SEALSQ Corp are R-co 2 SICAV – Thematic Blockchai, Fidelity Nasdaq Composite Index F, and iShares Core SPI. R-co 2 SICAV – Thematic Blockchai owns 14670.0 shares of the company’s stock, all valued at over $15404.0. Fidelity Nasdaq Composite Index F bought 9275.0 shares to see its total holdings expand to 9346.0 shares valued at over $9813.0 and representing 0.12% of the shares outstanding. iShares Core SPI now owns shares totaling to 0.02% of the shares outstanding.
Shares of SEALSQ Corp (NASDAQ: LAES) opened at $1.34, up $0.04 from a prior closing price of $1.30. The company’s stock has a 5-day price change of 36.75% and -18.37% over the past three months. It has a 12-month low price of $0.91 and touched a high of $28.50 over the same period. LAES has an average intraday trading volume of 1.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 37.80%, 32.73%, and -73.97% respectively.
Institutional ownership of SEALSQ Corp (NASDAQ: LAES) shares accounts for 0.69% of the company’s 7.50M shares outstanding. Mutual fund holders own 0.38%, while other institutional holders and individual stakeholders account for 1.20% and — respectively.
It has a market capitalization of $24.00M. The stock’s trailing 12-month PE ratio is 4.54, while the earnings-per-share (ttm) stands at $0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.09% over the week and 15.68% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate SEALSQ Corp (LAES) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
