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

Shares of SEALSQ Corp (NASDAQ:LAES) gapped up before the market opened 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.

Analyst Ratings Changes

Separately, Maxim Group dropped their price objective on shares of SEALSQ from $2.25 to $1.75 and set a “buy” rating on the stock in a research note on Friday, September 27th.

SEALSQ Stock Up 6.8 %

The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55. The business has a 50-day moving average of $1.15 and a 200-day moving average of $0.81.

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.