Nauticus Robotics, Inc. (NASDAQ:KITT – Get Rating)'s stock price fell 7.2% on Tuesday . The stock traded as low as $4.49 and last traded at $4.50. 37,916 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 363,145 shares. The stock had previously closed at $4.85.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on KITT. Roth Capital initiated coverage on Nauticus Robotics in a research note on Thursday, October 6th. They issued a "buy" rating and a $10.00 price objective on the stock. Chardan Capital assumed coverage on Nauticus Robotics in a research report on Monday, October 10th. They set a "buy" rating and a $11.00 target price on the stock. Finally, Lake Street Capital cut their target price on Nauticus Robotics from $14.00 to $9.00 in a research report on Monday, October 17th.
Get Nauticus Robotics alerts:Nauticus Robotics Stock Down 7.2 %
The company has a quick ratio of 9.73, a current ratio of 11.00 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average price of $3.97.
Nauticus Robotics (NASDAQ:KITT – Get Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.08). The firm had revenue of $2.98 million for the quarter, compared to analysts' expectations of $2.80 million. As a group, research analysts anticipate that Nauticus Robotics, Inc. will post -0.42 earnings per share for the current fiscal year.Hedge Funds Weigh In On Nauticus Robotics
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Nauticus Robotics during the 3rd quarter valued at $124,000. Polar Asset Management Partners Inc. purchased a new position in shares of Nauticus Robotics during the 3rd quarter valued at about $57,000. Kepos Capital LP purchased a new position in shares of Nauticus Robotics during the 3rd quarter valued at about $90,000. Harvard Management Co. Inc. purchased a new stake in Nauticus Robotics in the 3rd quarter worth approximately $1,805,000. Finally, MMCAP International Inc. SPC purchased a new stake in Nauticus Robotics in the 3rd quarter worth approximately $149,000. Hedge funds and other institutional investors own 71.67% of the company's stock.
Nauticus Robotics Company Profile
(Get Rating)
Nauticus Robotics, Inc develops and offers ocean robotic solutions and cloud software to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut, which is used for non-industrial and government applications.
Read More
- Get a free copy of the StockNews.com research report on Nauticus Robotics (KITT)
- Will AMC's Troubles Affect Its Landlord, EPR Properties?
- Is There a Prize in Store for Kellogg Shareholders?
- General Mills Retreats To More Attractive Territory
- Will Tesla Shares Rally If Musk Steps Down From Twitter?
- Can Chewy Fetch Double Digit Gains in 2023?
Receive News & Ratings for Nauticus Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nauticus Robotics and related companies with MarketBeat.com's FREE daily email newsletter.