SEALSQ (NASDAQ:LAES) Reaches New 12-Month High – Still a Buy?

Shares of SEALSQ Corp (NASDAQ:LAES) hit a new 52-week high on Thursday . The stock traded as high as $8.89 and last traded at $8.57, with a volume of 121853829 shares trading hands. The stock had previously closed at $5.47.

Wall Street Analysts Forecast Growth

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

SEALSQ Trading Up 58.5 %

The company has a quick ratio of 3.20, a current ratio of 3.58 and a debt-to-equity ratio of 3.55. The company’s fifty day moving average price is $0.99 and its two-hundred day moving average price is $0.75.

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.