The Edge Secured-core, program is designed to validate IoT devices for specific security hardware technology, and ensure users that they are running an OS with built-in security technology.
The price of BSQuare Corporation stock surged more than 200% yesterday to end the day at $8.04 despite the absence of a material event that would justify such a pronounced surge while trading volumes were 600 times higher than the daily average with over 240 million shares exchanging hands during the session.
There was almost no mention of the stock within the Reddit messaging board WallStreetBets based on data compiled by meme-stock tracker Swaggy Stocks while BSQR stock’s short float stands at 6.4% – which makes a short-squeeze play highly unlikely.
Considering that the stock finished the day near the session’s highs, it would be convenient to take a look at the firm’s fundamentals to determine if there might be some justification for this elevated valuation or if something else is going on that is causing the price of the stock to surge.