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

by · The Markets Daily

SEALSQ Corp (NASDAQ:LAES – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $9.08, but opened at $8.04. SEALSQ shares last traded at $8.13, with a volume of 22,926,426 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on LAES

SEALSQ Price Performance

The company’s 50 day moving average is $1.60 and its 200-day moving average is $0.95. 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

(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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