SEALSQ (NASDAQ:LAES) Shares Gap Up – Time to Buy?

SEALSQ Corp (NASDAQ:LAES)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $6.15, but opened at $6.86. SEALSQ shares last traded at $8.22, with a volume of 47,343,073 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Maxim Group reduced their price objective 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 Stock Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 3.58 and a quick ratio of 3.20. The stock has a 50 day moving average of $2.04 and a two-hundred day moving average of $1.09.

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.