SEALSQ Corp (NASDAQ:LAES) traded at $2.98 at close of the session on Tuesday, December 17 and made an upward move of 21.63% on its previous day’s price.
Looking at the stock we see that its previous close was $2.45 with the day’s price range being $2.65 – $3.2. In terms of its 52-week price range, LAES has a high of $3.95 and a low of $0.29. The company’s stock has gained about 680.10% over that past 30 days.
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SEALSQ Corp has a market cap of $106.12 million and is expected to release its quarterly earnings report in January.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 12.5M, or -58.41% down from figures reported last year.
On the other hand, looking at the outlook for the LAES stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Looking further, we note the current price level is 254.44% off its SMA20 and 414.55% from its 50-day simple moving average. The RSI (14) is pointing at 91.92 while the volatility over the past week is 37.82% and jumps to 25.35% over the past one month. The beta value is 0.58, while the average true range (ATR) is currently pointing at 0.34. The average price target for the stock over the next 12 months is $1.75, with the estimates having a low of $1.75 and a high of $1.75. These price ends are 41.28% and 41.28% off the current price level respectively, although investors could be excited at the prospect of a 41.28% if the LAES share price touches on the median price of $1.75.
Coming back to SEALSQ Corp (NASDAQ:LAES), we note that the average 3-month trading volume was 13.84 million, while that of the preceding 10-day period stands at 80.74 million. Current shares outstanding are 22.73 million.
The insiders hold 37.91% of the company’s shares while institutions hold 0.07%. The data shows that short shares as of 2024-11-29, stood at 2.37 million at a short ratio of 0.92. This represents a 894.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 1.81 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 132.81% up in year-to-date price movement.
