Five Arrows Managers LLP has recently announced that it has increased stake in WISeKey International Holding AG (NASDAQ:WKEY) by 374.02%. After grabbing 0.12 million shares, the institutional investor is now in possession of 94673.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.81% having worth around $0.28 million. Moreover, Renaissance Technologies LLC increased its share by 100.0 to have a control over 49150.0 shares. And Susquehanna Financial Group LLLP raised its holdings to 10614.0 shares by acquiring 27632.0 shares or 0.19% of the stake.
WISeKey International Holding AG (WKEY) concluded trading on 05/24/23 at a closing price of $2.89, with 1.02 million shares of worth about $2.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 134.12% during that period and on Wednesday the price saw a gain of about 18.37%. Currently the company’s common shares owned by public are about 12.30M shares, out of which, 4.00M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the WKEY stock and their offered price forecasts bring an average price target of $5.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.39 and could fall to a lowest price of $4.22. The stock’s current price level is 71.1% above of average price target set by the analysts, while a rise to estimated low would result in gain of 31.52% for the stock. However, touching the estimated high of $7.39 would mean a gain of 60.89% for the stock.
The company recently came buying 94673.0 shares which brought its stake up to 0.81% of the company’s outstanding shares.
WISeKey International Holding AG (NASDAQ: WKEY) started trading at $2.56, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 3.2000, or with a gain of 18.37%. Stock saw a price change of 71.30% in past 5 days and over the past one month there was a price change of 76.32%. Year-to-date (YTD), WKEY shares are showing a performance of 136.75% which increased to 37.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.81 but also hit the highest price of $2.87 during that period. The average intraday trading volume for WISeKey International Holding AG shares is 978.74K. The stock is currently trading 67.75% above its 20-day simple moving average (SMA20), while that difference is up 82.17% for SMA50 and it goes to 99.73% higher than SMA200.
Five Arrows Managers LLP acquired 0.12 million shares of WISeKey International Holding AG having value of about $0.28 million. Data submitted at the U.S SEC by Five Arrows Managers LLP revealed that the firm now holds 94673.0 shares in the company valued at close to $273604.97, or have control over 374.02% stake in the company. WISeKey International Holding AG (NASDAQ: WKEY) currently have 12.30M outstanding shares and institutions hold larger chunk of about 3.30% of that. Holding of mutual funds in the company is about 0.77% while other institutional holders and individual stake holders have control over 0.81% and — of the stake respectively.
The stock has a current market capitalization of $29.07M and its 3Y-monthly beta is at 1.94. It has posted earnings per share of -$4.50 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WKEY, volatility over the week remained 34.59% while standing at 18.20% over the month.
Analysts are in expectations that WISeKey International Holding AG (WKEY) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 74.10%.
Analysts at 2 brokerage firms have issued recommendations for the WISeKey International Holding AG (WKEY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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