SEALSQ (NASDAQ:LAES) Shares Up 11.6% - Should You Buy?

SEALSQ Corp (NASDAQ:LAES - Get Free Report)'s stock price traded up 11.6% during mid-day trading on Tuesday . The company traded as high as $6.27 and last traded at $5.47. 90,415,750 shares changed hands during mid-day trading, an increase of 1,111% from the average session volume of 7,464,723 shares. The stock had previously closed at $4.90.

Wall Street Analysts Forecast Growth

Separately, Maxim Group cut their target price 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 Up 11.6 %

The business's 50 day moving average is $0.89 and its two-hundred day moving average is $0.72. The company has a quick ratio of 3.20, a current ratio of 3.58 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.