HC Wainwright Reaffirms “Buy” Rating for WISeKey International (NASDAQ:WKEY)

WISeKey International (NASDAQ:WKEY)‘s stock had its “buy” rating reiterated by stock analysts at HC Wainwright in a research report issued on Wednesday, Benzinga reports. They presently have a $4.00 price target on the stock. HC Wainwright’s target price indicates a potential upside of 106.19% from the company’s previous close.

WISeKey International Stock Performance

WKEY opened at $1.94 on Wednesday. The firm’s 50-day moving average price is $2.16 and its 200 day moving average price is $2.11. WISeKey International has a twelve month low of $1.35 and a twelve month high of $8.00.

About WISeKey International

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.