SEALSQ Corp (NASDAQ: LAES) Stock Forecast: By 2024, Bulls Expect $1.75 Per Share

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In today’s recent session, 1.27 million shares of the SEALSQ Corp (NASDAQ:LAES) have been traded, and its beta is 3.34. Most recently the company’s share price was $0.43, and it changed around $0.05 or 12.57% from the last close, which brings the market valuation of the company to $13.56M. LAES at last check was trading at a discount to its 52-week high of $3.95, offering almost -818.6% off that amount. The share price’s 52-week low was $0.29, which indicates that the recent value has risen by an impressive 32.56% since then. We note from SEALSQ Corp’s average daily trading volume that its 10-day average is 1.33 million shares, with the 3-month average coming to 831.25K.

SEALSQ Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended LAES as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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SEALSQ Corp (NASDAQ:LAES) trade information

Instantly LAES has been showing a green trend so far today with a performance of 12.57% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.4600 on recent trading dayincreased the stock’s daily price by 6.52%. The company’s shares are currently down -66.41% year-to-date, but still up 25.73% over the last five days. On the other hand, SEALSQ Corp (NASDAQ:LAES) is -4.23% down in the 30-day period. We can see from the shorts that 1.81 million shares have been sold at a short interest cover period of 4.51 day(s).

The consensus price target as assigned by Wall Street analysts is $1.75, which translates to bulls needing to increase their stock price by 75.43% from its current value. Analyst projections state that LAES is forecast to be at a low of $1.75 and a high of $1.75.