SEALSQ (NASDAQ:LAES) Sets New 52-Week High – Time to Buy?

SEALSQ Corp (NASDAQ:LAES)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.89 and last traded at $8.57, with a volume of 121853829 shares. The stock had previously closed at $5.47.

Wall Street Analyst Weigh In

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

SEALSQ Price Performance

The firm has a 50 day moving average price of $0.99 and a 200-day moving average price of $0.75. The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58.

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.