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

SEALSQ Corp (NASDAQ:LAES) gapped down before the market opened 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 traded.

Analyst Upgrades and Downgrades

Separately, Maxim Group lowered their target price 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 quick ratio of 3.20, a current ratio of 3.58 and a debt-to-equity ratio of 3.55. The company has a 50 day simple moving average of $1.33 and a 200-day simple moving average of $0.86.

About SEALSQ

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.