SEALSQ (NASDAQ:LAES) Shares Gap Up – What’s Next?

SEALSQ Corp (NASDAQ:LAES) shares gapped up prior to trading on Friday . The stock had previously closed at $8.76, but opened at $9.78. SEALSQ shares last traded at $9.73, with a volume of 41,592,661 shares traded.

Wall Street Analyst Weigh In

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

SEALSQ Stock Performance

The stock has a 50-day moving average of $1.33 and a 200 day moving average of $0.86. The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55.

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.