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SEALSQ Corp (NASDAQ: LAES) Is Down -92.27% So Far This Year. Analysts Expect A Significant Price Rally

SEALSQ Corp (NASDAQ:LAES) price closed on Friday, November 17, remained unchanged from its previous close.

A look at the daily price movement shows that the last close reads $1.19, with intraday deals fluctuated between $1.09 and $1.42. The company’s P/E ratio in the trailing 12-month period read 3.37. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.50 and 52-week low of $1.17. The stock subtracted -18.49% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

The overview shows that LAES’s price is at present -14.06% off the SMA20 and -39.60% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 27.24, with weekly volatility standing at 15.70%. The indicator jumps to 11.93% when calculated based on the past 30 days. SEALSQ Corp (NASDAQ:LAES)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.20.

An analysis of the SEALSQ Corp (NASDAQ:LAES) stock in terms of its daily trading volume indicates that the 3-month average is 27.13K. However, this figure increases on the past 10-day timeline to an average of 0.38 million.

Current records show that the company has 7.50M in outstanding shares. The percentage share held by institutions stands at 0.79%. The stats also highlight that short interest as of Oct 30, 2023, stood at 91580.0 shares, which puts the short ratio at the time at 2.87. From this we can glean that short interest is 1.00% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 72600.0. But the -92.27% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.