SEALSQ (NASDAQ:LAES) Stock Price Down 2.1% – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

SEALSQ Price Performance

The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55. The business has a fifty day moving average of $0.43 and a 200 day moving average of $0.71.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SEALSQ stock. Anson Funds Management LP purchased a new position in shares of SEALSQ Corp (NASDAQ:LAES) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 649,533 shares of the company’s stock, valued at approximately $1,007,000. Anson Funds Management LP owned about 3.83% of SEALSQ at the end of the most recent quarter. 1.25% of the stock is currently owned by institutional investors and hedge funds.

SEALSQ Company Profile

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.