Streetbeat News

LAES

SEALSQ Corp

https://www.sealsq.com

Industry

Semiconductors

SEALSQ Corp develops and sells semiconductor chips for private and public sectors. The company offers semiconductors and smart card reader chips; identity provisioning services; and managed PKI for IoT solutions. It serves consumer electronics, aerospace and military, satellite and telecommunications, smart energy and smart building, smart industries, logistics, medical, and consumer industries. SEALSQ Corp was incorporated in 2022 and is based in Cointrin, Switzerland. SEALSQ Corp is a subsidiary of WISeKey International Holding AG.

Open

0.44

Mkt cap

14M

Volume

786K

High

0.44

P/E Ratio

-0.73

52-wk high

3.95

Low

0.38

Div yield

N/A

52-wk low

0.29

SEALSQ Corp (NASDAQ:LAES) stock has seen a significant increase after a period of stagnation. The rise followed the announcement of its post-quantum semiconductor technology and preliminary unaudited revenue for 2023 showing a 29% increase from 2022. The company's participation in CES 2024 and the closing of a $10 million private placement also contributed to the stock's performance. Additionally, SEALSQ launched SEALCOIN.AI with Google Cloud, aiming to develop hardware and software for internet-driven devices. Despite a pullback on Friday, shares surged over 43% on Tuesday.

Portfolio Pulse from Ryan Gustafson

January 16, 2024 | 9:23 pm

In Tuesday's intraday session, several IT stocks experienced significant movements. Phunware (PHUN) saw a massive increase of 268.9%, while DatChat (DATS) and SEALSQ (LAES) also posted strong gains. On the downside, Applied Digital (APLD) dropped 22.1% after Q2 earnings release, with Minim (MINM), Inuvo (INUV), The9 (NCTY), Porch Group (PRCH), and Nvni Group (NVNI) also experiencing declines.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:31 pm

In Tuesday's pre-market session, several IT stocks showed significant movement. Phunware, SEALSQ, MariaDB, WISeKey Intl Holding, Bitdeer Technologies, and Infrared Cameras Holdings were gainers, with Phunware leading at a 50.5% increase. On the losing side, Bit Origin, Applied Digital, BIO-key Intl, BTC Digital, TeraWulf, and ARB IOT Group saw declines, with Bit Origin dropping 24.7%. Applied Digital's drop is attributed to its Q2 earnings report released today.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:05 pm

SEALSQ has announced the launch of SEALCOIN.AI, a new initiative in partnership with Google Cloud. The article suggests that this collaboration could involve leveraging Google Cloud's infrastructure and services to support the development and deployment of SEALCOIN.AI. However, the article does not provide specific details on the nature of the partnership or the expected impact on SEALSQ's business operations or financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:51 am

In Monday's intraday session, several IT stocks experienced significant movements. Wipro (WIT) saw a 17% increase after its Q3 earnings report. Airspan Networks (MIMO), EMCORE (EMKR), UTime (WTO), Inpixon (INPX), and Veritone (VERI) also gained. Conversely, SEALSQ (LAES), Minim (MINM), Argo Blockchain (ARBK), Movella Holdings (MVLA), Greenidge Generation (GREE), and The9 (NCTY) faced declines.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 5:30 pm

In Monday's pre-market session, several IT stocks showed significant movement. Inpixon (INPX) saw a substantial increase of 56.1%, while SMX (Security Matters) rose by 33.61%. UTime (WTO) and Pixelworks (PXLW) also experienced gains of 19.04% and 18.84%, respectively. Conversely, SEALSQ (LAES) dropped by 27.1%, and other stocks such as Alpine 4 Holdings (ALPP), BIO-key Intl (BKYI), SAI.TECH Global (SAI), Agora (API), and Cipher Mining (CIFR) saw declines ranging from 5.7% to 8.77%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 1:05 pm

Wipro Limited (NYSE:WIT) shares surged over 16% after reporting Q3 results, guidance, and an interim dividend. Other stocks showed significant movement in Friday's mid-day session, with various gainers such as Charge Enterprises, Inc. (NASDAQ:CRGE) and losers like Genius Group Limited (NYSE:GNS). Notable movements included Flexsteel Industries, Inc. (NASDAQ:FLXS) rising after strong Q2 preliminary results and Delta Air Lines, Inc. (NYSE:DAL) falling post Q4 financial results and 2024 guidance.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 6:28 pm

In Friday's intraday trading session, several information technology stocks experienced significant movements. Airspan Networks (MIMO) saw a sharp increase of 55.7%, while Wipro (WIT) rose by 18.46% following their Q3 earnings release. Other gainers included UTime (WTO), Inpixon (INPX), OMNIQ (OMQS), and EMCORE (EMKR). Conversely, SEALSQ (LAES), Spectaire Holdings (SPEC), Argo Blockchain (ARBK), WISeKey Intl Holding (WKEY), Greenidge Generation Holding (GREE), and Stronghold Digital Mining (SDIG) faced notable declines.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:31 pm

Benzinga's Stock Whisper Index highlights five stocks: Sana Biotechnology Inc (SANA) after FDA clearance for an IND, DocGo Inc (DCGO) responding to a short report and providing revenue estimates, SEALSQ Corp (LAES) with increased revenue and extended semiconductor offerings, Elicio Therapeutics (ELTX) dosing the first patient in a Phase 2 study, and EchoStar Corp (SATS) after completing a merger with Dish Network Corp and receiving a $50 million grant. SANA shares are up 82% in the last month, while DCGO shares declined after the short report.

Portfolio Pulse from Chris Katje

January 12, 2024 | 5:00 pm

U.S. stocks traded higher following the release of Producer Price Index (PPI) data showing a 0.1% decline in December, aligning with the previous month and defying market expectations of a 0.1% increase. Energy shares led gains with a 1.4% jump, while consumer discretionary shares saw a marginal rise. Charge Enterprises (CRGE), Spectral AI (MDAI), and Volcon (VLCN) experienced significant stock price increases. Conversely, Genius Group (GNS), VCI Global (VCIG), and SEALSQ Corp (LAES) saw their shares fall sharply after announcing public offerings and closing of private placements. Commodities like oil and gold traded higher, and European and Asian markets showed mixed results.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 2:55 pm

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