SEALSQ (NASDAQ:LAES) Shares Gap Up – Here’s What Happened

SEALSQ Corp (NASDAQ:LAESGet Free Report)’s share price gapped up prior to trading 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.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on LAES

SEALSQ Trading Up 30.9 %

The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58. The stock has a 50 day moving average price of $1.72 and a 200 day moving average price of $0.99.

About SEALSQ

(Get Free Report)

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.

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