SEALSQ (NASDAQ:LAES) Stock Price Up 15.6% – What’s Next?

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

Analysts Set New Price Targets

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

SEALSQ Price Performance

The stock has a 50-day moving average of $2.04 and a two-hundred day moving average of $1.09. The company has a debt-to-equity ratio of 3.55, a current ratio of 3.58 and a quick ratio of 3.20.

SEALSQ Company Profile

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.