SEALSQ (NASDAQ:LAES) Shares Gap Up – Still a Buy?

SEALSQ Corp (NASDAQ:LAES)’s stock 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 trading hands.

Wall Street Analysts Forecast Growth

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 report on Friday, September 27th.

SEALSQ Price Performance

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

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.