SEALSQ Corp (NASDAQ:LAES) price on Thursday, December 26, rose 60.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.76.
A look at the stock’s price movement, the close in the last trading session was $5.47, moving within a range at $5.1 and $9.32. Turning to its 52-week performance, $6.27 and $0.29 were the 52-week high and 52-week low respectively. Overall, LAES moved 1762.24% over the past month.
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SEALSQ Corp’s market cap currently stands at around $855.92 million, with investors looking forward to this quarter’s earnings report slated for in January.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.5M, representing a -58.41% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LAES is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
LAES’s current price about 335.21% and 730.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 90.47, while 7-day volatility ratio is 45.49% and 30.88% in the 30-day chart. Further, SEALSQ Corp (LAES) has a beta value of -6.27, and an average true range (ATR) of 0.88. Analysts have given the company’s stock an average 52-week price target of $1.75, forecast between a low of $1.75 and high of $1.75. Looking at the price targets, the low is 80.02% off current price level while to achieve the yearly target high, price needs to move 80.02%. Nonetheless, investors will most likely welcome a 80.02% jump to $1.75 which is the analysts’ median price.
If we refocus on SEALSQ Corp (NASDAQ:LAES), historical trading data shows that trading volumes averaged 125.97 over the past 10 days and 21.75 million over the past 3 months. The company’s latest data on shares outstanding shows there are 22.73 million shares.
The 37.91% of SEALSQ Corp’s shares are in the hands of company insiders while institutional holders own 18.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.37 million on 2024-11-29, giving us a short ratio of 0.92. The data shows that as of 2024-11-29 short interest in SEALSQ Corp (LAES) stood at 893.9999 of shares outstanding, with shares short rising to 1.81 million registered in 2024-10-31. Current price change has pushed the stock 584.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LAES stock continues to rise going into the next quarter.
