In yesterday’s Wall Street session, Nauticus Robotics Inc (NASDAQ:KITT) shares traded at $0.09, down -27.62% from the previous session.
KITT stock price is now -38.24% away from the 50-day moving average and -85.31% away from the 200-day moving average. The market capitalization of the company currently stands at $11.91M.
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With the price target maintained at $2.50, Chardan Capital Markets recently Downgraded its rating from Buy to Neutral for Nauticus Robotics Inc (NASDAQ: KITT). On October 06, 2022, ROTH Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $10
In other news, FLORES WILLIAM, Director bought 29,756 shares of the company’s stock on Apr 15 ’24. The stock was bought for $6,546 at an average price of $0.22. Upon completion of the transaction, the Director now directly owns 100,000 shares in the company, valued at $9000.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 12 ’24, Director FLORES WILLIAM bought 70,244 shares of the business’s stock. A total of $16,156 was incurred on buying the stock at an average price of $0.23. This leaves the insider owning 70,244 shares of the company worth $6321.96. A total of 27.55% of the company’s stock is owned by insiders.
During the past 12 months, Nauticus Robotics Inc has had a low of $0.11 and a high of $2.32. The fifty day moving average price for KITT is $0.1496 and a two-hundred day moving average price translates $0.626735 for the stock.
The latest earnings results from Nauticus Robotics Inc (NASDAQ: KITT) was released for 2024-03-31. According to the Aerospace & Defense Company, earnings per share came in at -0.19, missing analysts’ expectations of -0.11 by -0.08. This compares to -$0.36 EPS in the same period last year. The net profit margin was -850.23% and return on equity was -856.78% for KITT. The company reported revenue of $0.46 million for the quarter, compared to $2.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -83.55 percent. For the current quarter, analysts expect KITT to generate $1.06M in revenue.
