SEALSQ (NASDAQ:LAES) Stock Price Down 2.1% – Time to Sell?

SEALSQ Corp (NASDAQ:LAES) shares were down 2.1% during trading on Monday . The company traded as low as $0.31 and last traded at $0.34. Approximately 829,959 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 2,189,123 shares. The stock had previously closed at $0.35.

Wall Street Analyst Weigh In

Separately, Maxim Group lowered their price target on SEALSQ from $2.25 to $1.75 and set a “buy” rating for the company in a report on Friday, September 27th.

SEALSQ Stock Up 8.6 %

The company’s fifty day moving average price is $0.43 and its two-hundred day moving average price is $0.71. The company has a quick ratio of 3.20, a current ratio of 3.58 and a debt-to-equity ratio of 3.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SEALSQ stock. Anson Funds Management LP acquired a new stake in SEALSQ Corp (NASDAQ:LAES) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 649,533 shares of the company’s stock, valued at approximately $1,007,000. Anson Funds Management LP owned approximately 3.83% of SEALSQ at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.25% of the company’s stock.

About SEALSQ

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.