Shares of SEALSQ Corp (NASDAQ:LAES) experienced a significant drop in trading on December 30, 2024, as the stock gapped down from its previous close of $9.08 to open at $8.04. This decline comes despite the company maintaining a "Buy" rating among analysts. The stock's movement may be influenced by a recent report from Maxim Group, which lowered its price target for SEALSQ from $2.25 to $1.75, although it still recommended a "buy" rating. This adjustment in price target could be contributing to investor uncertainty and selling pressure.
SEALSQ Corp's stock is currently trading at $8.61, reflecting a 5.18% decrease from its previous close.