SEALSQ (NASDAQ:LAES) Price Target Cut to $1.75

SEALSQ (NASDAQ:LAES) had its target price cut by investment analysts at Maxim Group from $2.25 to $1.75 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price target points to a potential upside of 276.10% from the company’s current price.

SEALSQ Stock Performance

Shares of SEALSQ stock traded down $0.02 during trading hours on Friday, hitting $0.47. The company’s stock had a trading volume of 513,997 shares, compared to its average volume of 2,466,911. The company has a debt-to-equity ratio of 2.56, a current ratio of 2.33 and a quick ratio of 1.72. The business has a 50 day moving average price of $0.55 and a two-hundred day moving average price of $0.96. SEALSQ has a 12-month low of $0.29 and a 12-month high of $3.95.

Institutional Investors Weigh In On SEALSQ

An institutional investor recently bought a new position in SEALSQ stock. Anson Funds Management LP bought a new position in shares of SEALSQ Corp (NASDAQ:LAES) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 649,533 shares of the company’s stock, valued at approximately $1,007,000. Anson Funds Management LP owned about 3.83% of SEALSQ as of its most recent filing with the Securities and Exchange Commission (SEC). 1.25% of the stock is owned by institutional investors and hedge funds.

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.