SEALSQ Corp (NASDAQ:LAES) price on Thursday, March 20, fall -10.14% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.10.
A look at the stock’s price movement, the close in the last trading session was $3.45, moving within a range at $3.07 and $3.39. Turning to its 52-week performance, $11.00 and $0.29 were the 52-week high and 52-week low respectively. Overall, LAES moved -8.28% over the past month.
SEALSQ Corp’s market cap currently stands at around $347.22 million, with investors looking forward to this quarter’s earnings report slated for in April.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11M, representing a -63.40% 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 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
LAES’s current price about 5.05% and -13.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.79, while 7-day volatility ratio is 12.63% and 14.21% in the 30-day chart. Further, SEALSQ Corp (LAES) has a beta value of -16.13, and an average true range (ATR) of 0.48. 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 43.55% off current price level while to achieve the yearly target high, price needs to move 43.55%. Nonetheless, investors will most likely welcome a 43.55% 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 12.54 over the past 10 days and 38.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 112.01 million shares.
The 12.37% of SEALSQ Corp’s shares are in the hands of company insiders while institutional holders own 2.53% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.11 million on 2025-02-28, giving us a short ratio of 0.71. The data shows that as of 2025-02-28 short interest in SEALSQ Corp (LAES) stood at 1330.9999999999998 of shares outstanding, with shares short rising to 12.27 million registered in 2025-01-31. Current price change has pushed the stock -49.59% 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.
