Quantum Stock Frenzy: SEALSQ (LAES) Soars on Post-Quantum Deals – Analysts Sound Alarm
SEALSQ’s stock has been on a tear in October, buoyed by a string of strategic announcements that tapped into investor excitement over post-quantum cybersecurity. The shares surged from the $4–5 range in late September to around $6–7 by mid-October, including a 39.7% spike on Oct. 9 alonets2.tech. On Oct. 14, LAES jumped another ~10% intraday to about $6.70benzinga.com, briefly testing the $7 level. This powerful momentum has driven LAES to its highest territory in months, far above its summer lowsbenzinga.com. Traders note massive volume accompanying the rally – for instance, ~117 million shares changed hands on Oct. 9ts2.techtipranks.com. Such frenzied trading activity signals surging interest but also highlights volatility. In fact, LAES shares have a history of wild swings – they peaked as high as $11 earlier this year and dipped below $0.50 at one point, reflecting the profile of a speculative micro-cap stockbenzinga.com. Analysts at Benzinga note the stock’s technical trend is firmly bullish, with shares now well above their 50-, 100-, and 200-day moving averagesbenzinga.com. Key support appears around ~$6, and chart watchers see possible resistance near $7.57, the stock’s intraday high last weekbenzinga.com. Momentum indicators also flash optimism – Benzinga’s proprietary Momentum Score for LAES stands at