SEALSQ (NASDAQ:LAES) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of SEALSQ (NASDAQ:LAES) in a research report report published on Thursday morning, MarketBeat reports. The brokerage issued an overweight rating and a $7.00 price objective on the stock.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research note on Tuesday, October 14th. Wall Street Zen raised shares of SEALSQ from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SEALSQ currently has an average rating of “Hold” and an average price target of $7.00.

SEALSQ Price Performance

NASDAQ:LAES opened at $4.20 on Thursday. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $5.28 and its 200 day moving average price is $4.12. SEALSQ has a 1-year low of $1.99 and a 1-year high of $11.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LAES. DKM Wealth Management Inc. bought a new position in shares of SEALSQ in the 3rd quarter worth about $37,000. A&I Financial Services LLC acquired a new stake in SEALSQ during the third quarter worth about $40,000. Baader Bank Aktiengesellschaft bought a new position in SEALSQ in the third quarter worth about $41,000. Convergence Financial LLC bought a new position in SEALSQ in the third quarter worth about $41,000. Finally, Gainplan LLC acquired a new position in SEALSQ in the third quarter valued at approximately $42,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

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. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.