SEALSQ (NASDAQ:LAES) Trading 11.6% Higher – Should You Buy?

Shares of SEALSQ Corp (NASDAQ:LAES) traded up 11.6% on Tuesday . The company traded as high as $6.27 and last traded at $5.47. 90,415,750 shares were traded 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.

Analyst Upgrades and Downgrades

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

SEALSQ Price Performance

The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58. The company has a 50-day moving average of $0.79 and a 200-day moving average of $0.69.

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.