SEALSQ (NASDAQ:LAES) Given New $1.75 Price Target at Maxim Group

SEALSQ (NASDAQ:LAES) had its price objective trimmed by Maxim Group from $2.25 to $1.75 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

SEALSQ Price Performance

LAES opened at $0.44 on Friday. SEALSQ has a 1 year low of $0.29 and a 1 year high of $3.95. The company has a quick ratio of 1.72, a current ratio of 2.33 and a debt-to-equity ratio of 2.56. The firm’s fifty day moving average price is $0.54 and its two-hundred day moving average price is $0.93.

Institutional Investors Weigh In On SEALSQ

An institutional investor recently bought a new position in SEALSQ stock. Anson Funds Management LP bought a new stake in SEALSQ Corp (NASDAQ:LAES) in the 1st quarter, according to its most recent disclosure 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 approximately 3.83% of SEALSQ as of its most recent SEC filing. Institutional investors own 1.25% of the company’s stock.

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.