SEALSQ (NASDAQ:LAES) Trading 15.6% Higher – Time to Buy?

Shares of SEALSQ Corp (NASDAQ:LAES) were up 15.6% on Monday . The stock traded as high as $9.50 and last traded at $9.41. Approximately 25,299,149 shares were traded during trading, a decline of 51% from the average daily volume of 51,369,391 shares. The stock had previously closed at $8.14.

Analyst Ratings Changes

Separately, Maxim Group cut their price objective on shares of SEALSQ from $2.25 to $1.75 and set a “buy” rating for the company in a research report on Friday, September 27th.

SEALSQ Stock Performance

The company’s 50-day moving average price is $2.32 and its 200 day moving average price is $1.18. The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55.

About SEALSQ

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.