WISeQey (WQEY)
Market Price (11/5/2026): $6.95 | Market Cap: $39.8 MilSector: Information Technology | Industry: Application Software
WISeQey (WQEY)
Market Price (11/5/2026): $6.95Market Cap: $39.8 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Cybersecurity, and Crypto & Blockchain. Themes include Identity Management, and Blockchain Enterprise Solutions. | Weak multi-year price returns2Y Excs Rtn is -64%, 3Y Excs Rtn is -115% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and Crypto & Blockchain. Themes include Identity Management, and Blockchain Enterprise Solutions. |
| Weak multi-year price returns2Y Excs Rtn is -64%, 3Y Excs Rtn is -115% |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/4/2026
WISeQey (WQEY) stock has lost about 35% since it went public on 10/6/2026 because of the following key factors:
1. Significant initial market correction following redomiciliation and direct listing. WISeQey (WQEY) began trading on Nasdaq and SIX Swiss Exchange on October 5, 2026, as part of a redomiciliation from Switzerland to the British Virgin Islands, effectively replacing its previous listing under WKEY. After closing at $13.40 on October 5, 2026, the stock experienced a notable decline of 23.58% on October 6, 2026, closing at $10.24. This sharp correction in the initial days of trading under the new ticker suggests a market recalibration of its valuation post-restructuring, leading into the broader 35% decline over the subsequent weeks. The previous WISeKey American Depositary Shares were converted into new ordinary shares at a ratio of one-half of a new ordinary share for each ADS, which may have contributed to adjusted market perceptions of value.
2. Complexity of corporate restructuring and ongoing strategic transactions. The period saw multiple significant corporate actions that may have introduced investor uncertainty. In addition to the parent company's redomiciliation and new listing, its subsidiary, WISeSat.Space, also listed separately on Nasdaq (SAIQ) on October 5, 2026. Furthermore, on October 9, 2026, WISeQey announced a definitive merger agreement with GigCapital8, Quantisimo, and Quantisimo Holdings Corp., aiming to create a new Nasdaq-listed entity, Quantisimo. WISeQey and SEALSQ are set to receive 66,610,000 shares of this new public holding company. This series of complex structural changes and the planned formation of new public entities, while potentially strategic long-term, could have obscured the direct value proposition of WQEY in the short term, contributing to selling pressure.
Show more
WISeQey (WQEY) stock has lost about 35% since it went public on 10/6/2026 because of the following key factors:
1. Significant initial market correction following redomiciliation and direct listing. WISeQey (WQEY) began trading on Nasdaq and SIX Swiss Exchange on October 5, 2026, as part of a redomiciliation from Switzerland to the British Virgin Islands, effectively replacing its previous listing under WKEY. After closing at $13.40 on October 5, 2026, the stock experienced a notable decline of 23.58% on October 6, 2026, closing at $10.24. This sharp correction in the initial days of trading under the new ticker suggests a market recalibration of its valuation post-restructuring, leading into the broader 35% decline over the subsequent weeks. The previous WISeKey American Depositary Shares were converted into new ordinary shares at a ratio of one-half of a new ordinary share for each ADS, which may have contributed to adjusted market perceptions of value.
2. Complexity of corporate restructuring and ongoing strategic transactions. The period saw multiple significant corporate actions that may have introduced investor uncertainty. In addition to the parent company's redomiciliation and new listing, its subsidiary, WISeSat.Space, also listed separately on Nasdaq (SAIQ) on October 5, 2026. Furthermore, on October 9, 2026, WISeQey announced a definitive merger agreement with GigCapital8, Quantisimo, and Quantisimo Holdings Corp., aiming to create a new Nasdaq-listed entity, Quantisimo. WISeQey and SEALSQ are set to receive 66,610,000 shares of this new public holding company. This series of complex structural changes and the planned formation of new public entities, while potentially strategic long-term, could have obscured the direct value proposition of WQEY in the short term, contributing to selling pressure.
Show more
Updated on 11/4/2026
WISeQey (WQEY) stock has lost about 35% since it went public on 10/6/2026 because of the following key factors:
1. Significant initial market correction following redomiciliation and direct listing. WISeQey (WQEY) began trading on Nasdaq and SIX Swiss Exchange on October 5, 2026, as part of a redomiciliation from Switzerland to the British Virgin Islands, effectively replacing its previous listing under WKEY. After closing at $13.40 on October 5, 2026, the stock experienced a notable decline of 23.58% on October 6, 2026, closing at $10.24. This sharp correction in the initial days of trading under the new ticker suggests a market recalibration of its valuation post-restructuring, leading into the broader 35% decline over the subsequent weeks. The previous WISeKey American Depositary Shares were converted into new ordinary shares at a ratio of one-half of a new ordinary share for each ADS, which may have contributed to adjusted market perceptions of value.
2. Complexity of corporate restructuring and ongoing strategic transactions. The period saw multiple significant corporate actions that may have introduced investor uncertainty. In addition to the parent company's redomiciliation and new listing, its subsidiary, WISeSat.Space, also listed separately on Nasdaq (SAIQ) on October 5, 2026. Furthermore, on October 9, 2026, WISeQey announced a definitive merger agreement with GigCapital8, Quantisimo, and Quantisimo Holdings Corp., aiming to create a new Nasdaq-listed entity, Quantisimo. WISeQey and SEALSQ are set to receive 66,610,000 shares of this new public holding company. This series of complex structural changes and the planned formation of new public entities, while potentially strategic long-term, could have obscured the direct value proposition of WQEY in the short term, contributing to selling pressure.
3. Anticipated, rather than immediate, revenue realization from core growth drivers. Despite strong preliminary unaudited nine-month 2026 revenue of $17 million, representing 55% year-over-year growth, and reaffirmed fiscal year 2026 revenue guidance of 50% to 100% growth (expected to be $27 million to $36 million), much of WISeQey's significant growth potential is projected for the near future. The company's key post-quantum semiconductor products, which have an estimated commercial pipeline exceeding $200 million through 2029, are expected to generate initial production revenue in fiscal Q4 2026, with larger contributions anticipated in fiscal 2027. This forward-looking nature of its growth catalysts, coupled with its new listing status, may have led investors to take a "wait and see" approach, dampening immediate buying enthusiasm and contributing to the stock's downward trend.
Show less
WISeQey (WQEY) stock has lost about 35% since it went public on 10/6/2026 because of the following key factors:
1. Significant initial market correction following redomiciliation and direct listing. WISeQey (WQEY) began trading on Nasdaq and SIX Swiss Exchange on October 5, 2026, as part of a redomiciliation from Switzerland to the British Virgin Islands, effectively replacing its previous listing under WKEY. After closing at $13.40 on October 5, 2026, the stock experienced a notable decline of 23.58% on October 6, 2026, closing at $10.24. This sharp correction in the initial days of trading under the new ticker suggests a market recalibration of its valuation post-restructuring, leading into the broader 35% decline over the subsequent weeks. The previous WISeKey American Depositary Shares were converted into new ordinary shares at a ratio of one-half of a new ordinary share for each ADS, which may have contributed to adjusted market perceptions of value.
2. Complexity of corporate restructuring and ongoing strategic transactions. The period saw multiple significant corporate actions that may have introduced investor uncertainty. In addition to the parent company's redomiciliation and new listing, its subsidiary, WISeSat.Space, also listed separately on Nasdaq (SAIQ) on October 5, 2026. Furthermore, on October 9, 2026, WISeQey announced a definitive merger agreement with GigCapital8, Quantisimo, and Quantisimo Holdings Corp., aiming to create a new Nasdaq-listed entity, Quantisimo. WISeQey and SEALSQ are set to receive 66,610,000 shares of this new public holding company. This series of complex structural changes and the planned formation of new public entities, while potentially strategic long-term, could have obscured the direct value proposition of WQEY in the short term, contributing to selling pressure.
3. Anticipated, rather than immediate, revenue realization from core growth drivers. Despite strong preliminary unaudited nine-month 2026 revenue of $17 million, representing 55% year-over-year growth, and reaffirmed fiscal year 2026 revenue guidance of 50% to 100% growth (expected to be $27 million to $36 million), much of WISeQey's significant growth potential is projected for the near future. The company's key post-quantum semiconductor products, which have an estimated commercial pipeline exceeding $200 million through 2029, are expected to generate initial production revenue in fiscal Q4 2026, with larger contributions anticipated in fiscal 2027. This forward-looking nature of its growth catalysts, coupled with its new listing status, may have led investors to take a "wait and see" approach, dampening immediate buying enthusiasm and contributing to the stock's downward trend.
Show less
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
7/31/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| WQEY | ||
| Market (SPY) | 2.6% | 4.0% |
| Sector (XLK) | 0.7% | 15.6% |
Fundamental Drivers
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Market Drivers
4/30/2026 to 11/4/2026| Return | Correlation | |
|---|---|---|
| WQEY | ||
| Market (SPY) | 7.0% | 4.0% |
| Sector (XLK) | 10.8% | 15.6% |
Fundamental Drivers
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Market Drivers
10/31/2025 to 11/4/2026| Return | Correlation | |
|---|---|---|
| WQEY | ||
| Market (SPY) | 13.4% | 4.0% |
| Sector (XLK) | 17.9% | 15.6% |
Fundamental Drivers
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Market Drivers
10/31/2023 to 11/4/2026| Return | Correlation | |
|---|---|---|
| WQEY | ||
| Market (SPY) | 89.7% | 4.0% |
| Sector (XLK) | 119.1% | 15.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WQEY Return | - | - | - | - | - | -34% | -34% |
| Peers Return | 29% | -30% | 24% | -15% | 16% | 49% | 63% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| WQEY Win Rate | - | - | - | - | - | 0% | |
| Peers Win Rate | 67% | 32% | 58% | 37% | 48% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| WQEY Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -22% | -47% | -27% | -35% | -38% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NXPI, MCHP, LSCC, VRSN, OKTA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/4/2026 (YTD)
How Low Can It Go
WQEY has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.0% | -9.5% |
| % Gain to Breakeven | 11.2% | 10.5% |
| Time to Breakeven | 15 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
WQEY has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 797 days | 1085 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 143.18 |
| Mkt Cap | 32.1 |
| Rev LTM | 3,073 |
| Op Inc LTM | 831 |
| FCF LTM | 1,024 |
| FCF 3Y Avg | 960 |
| CFO LTM | 1,062 |
| CFO 3Y Avg | 990 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.6% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | 19.3% |
| QoQ Delta Rev Chg LTM | 4.6% |
| Op Inc Chg LTM | 184.3% |
| Op Inc Chg 3Y Avg | 55.6% |
| Op Mgn LTM | 16.2% |
| Op Mgn 3Y Avg | 16.5% |
| QoQ Delta Op Mgn LTM | 2.0% |
| CFO/Rev LTM | 32.1% |
| CFO/Rev 3Y Avg | 29.6% |
| FCF/Rev LTM | 24.7% |
| FCF/Rev 3Y Avg | 23.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Semiconductors | 15 | 11 | 30 | 23 | |
| Application-Specific Integrated Circuit (ASIC) | 4 | 0 | 0 | ||
| Other revenue | 1 | 1 | 0 | 1 | |
| Elimination of intersegment revenue | -0 | 0 | 1 | 0 | |
| Internet of Things (IoT) | 17 | ||||
| Intersegment revenue | -3 | ||||
| Managed Public Key Infrastructure (mPKI) | 3 | ||||
| Total | 19 | 12 | 31 | 24 | 18 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Other assets | 535 | 128 | |||
| Application-Specific Integrated Circuit (ASIC) | 31 | 0 | 0 | ||
| Semiconductors | 17 | 14 | 24 | 22 | |
| Elimination of intersegment receivables | -30 | -7 | |||
| Elimination of intersegment investment and goodwill | -39 | -19 | |||
| Internet of Things (IoT) | 11 | ||||
| Managed Public Key Infrastructure (mPKI) | 89 | ||||
| Total | 515 | 115 | 24 | 22 | 101 |
Price Behavior
Price Behavior
| Market Price | $6.79 | |
| Distance from 52W High | -33.7% | |
| 50 Days | 200 Days | |
| DMA Price | ||
| DMA Trend | ||
| Distance from DMA | ||
| 3M | 1YR | |
| Volatility | 86.0% | 86.0% |
| Downside Capture | ||
| Upside Capture | ||
| Correlation (S&P 500) |
WQEY Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.49 | -2.93 | -1.13 | -3.68 | -1.13 | -0.38 |
| Up Beta | 10.57 | 0.58 | -4.51 | -0.83 | -5.57 | 0.60 |
| Down Beta | 2.51 | -2.46 | 5.06 | -0.33 | -0.51 | 3.09 |
| Up Capture | -59% | -30% | -19% | -7% | -3% | -0% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 6 | 6 | 6 | 6 | 6 | 6 |
| Down Capture | 270% | 147% | 116% | 60% | 35% | 20% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 12 | 12 | 12 | 12 | 12 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WQEY | |
|---|---|---|---|---|
| WQEY | -33.8% | 86.0% | -5.32 | - |
| Sector ETF (XLK) | 17.5% | 27.3% | 0.56 | 15.6% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | 4.0% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | -20.1% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | 26.4% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | -15.5% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WQEY | |
|---|---|---|---|---|
| WQEY | -7.9% | 86.0% | -5.32 | - |
| Sector ETF (XLK) | 18.1% | 26.2% | 0.62 | 15.6% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 4.0% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | -20.1% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 26.4% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | -15.5% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WQEY | |
|---|---|---|---|---|
| WQEY | -4.0% | 86.0% | -5.32 | - |
| Sector ETF (XLK) | 23.4% | 25.2% | 0.85 | 15.6% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 4.0% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | -20.1% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | 26.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | -15.5% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 10/01/2026 | 6-K |
| 12/31/2025 | 04/30/2026 | 20-F |
| 06/30/2025 | 09/23/2025 | 6-K |
| 12/31/2024 | 04/17/2025 | 20-F |
| 06/30/2024 | 09/30/2024 | 6-K |
| 12/31/2023 | 05/15/2024 | 20-F |
| 06/30/2023 | 09/29/2023 | 6-K |
| 12/31/2022 | 04/28/2023 | 20-F |
| 06/30/2022 | 09/15/2022 | 6-K |
| 12/31/2021 | 04/13/2022 | 20-F |
| 12/31/2020 | 04/29/2021 | 20-F |
| 06/30/2020 | 09/08/2020 | 6-K |
| 12/31/2019 | 03/13/2020 | 20-F |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 10/01/2026 | 6-K |
| 12/31/2025 | 04/30/2026 | 20-F |
| 06/30/2025 | 09/23/2025 | 6-K |
| 12/31/2024 | 04/17/2025 | 20-F |
| 06/30/2024 | 09/30/2024 | 6-K |
| 12/31/2023 | 05/15/2024 | 20-F |
| 06/30/2023 | 09/29/2023 | 6-K |
| 12/31/2022 | 04/28/2023 | 20-F |
| 06/30/2022 | 09/15/2022 | 6-K |
| 12/31/2021 | 04/13/2022 | 20-F |
| 12/31/2020 | 04/29/2021 | 20-F |
| 06/30/2020 | 09/08/2020 | 6-K |
| 12/31/2019 | 03/13/2020 | 20-F |
WISeQey — Investor Video Playlist
Products & Services
WISeSat.Space 4.0 Successfully Launched – Falcon 9 Transporter-16
Products & Services
SEALCOIN secure device onboarding
Investor / Analyst
SEALSQ Quantum Day and Nasdaq Closing Bell Ceremony on February 11
Products & Services
SEALCOIN PoC DEMO
Leadership
«Be to B» - Carlos Moreira, président et CEO de Wisekey
Leadership
Navigating the Intersection of TMT & Business in the AI Era
Investor / Analyst
Carlos Creus Moreira presenting the SEALSQ Corp Nasdaq LAES Investor and Analyst Day at the NASDAQ
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/4/2026