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Is Wisekey International Holding AG - ADR (WKEY) Stock About to Get Hot Thursday?

Thursday, February 08, 2024 02:13 PM | InvestorsObserver Analysts

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Is Wisekey International Holding AG - ADR (WKEY) Stock About to Get Hot Thursday?

Overall market sentiment has been high on Wisekey International Holding AG - ADR (WKEY) stock lately. WKEY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Wisekey International Holding AG - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WKEY!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With WKEY Stock Today?

Wisekey International Holding AG - ADR (WKEY) stock is trading at $2.42 as of 2:03 PM on Thursday, Feb 8, a drop of -$0.43, or -15.09% from the previous closing price of $2.85. The stock has traded between $2.38 and $2.75 so far today. Volume today is less active than usual. So far 178,287 shares have traded compared to average volume of 286,407 shares. To screen for more stocks like Wisekey International Holding AG - ADR click here.

More About Wisekey International Holding AG - ADR

WISeKey International Holding Ltd is a cybersecurity company focused on delivering integrated security solutions for the Internet of Things and digital identity ecosystems. It integrates secure semiconductors, cybersecurity software, and a globally recognized Root of Trust (RoT) into leading-edge products and services that protect users, devices, data and transactions in the internet-connected world. It has three business segments. The IoT segment, which is the key revenue driver, generates revenue from the sale of semiconductor's secure chips. The AI segment encompasses the AI automation services acquired with arago GmbH. The mPKI segment generates revenues from Digital Certificates, Software as a Service, Software license and Post-Contract Customer Support for cybersecurity applications. Click Here to get the full Stock Report for Wisekey International Holding AG - ADR stock.

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