Nauticus Robotics, Inc. (NASDAQ:KITT – Get Rating)'s share price shot up 4.8% on Monday . The stock traded as high as $3.73 and last traded at $3.72. 25,951 shares changed hands during trading, an increase of 12% from the average session volume of 23,223 shares. The stock had previously closed at $3.55.
Analyst Ratings Changes
Several brokerages have weighed in on KITT. Lake Street Capital cut their target price on Nauticus Robotics from $14.00 to $9.00 in a research note on Monday, October 17th. Chardan Capital began coverage on Nauticus Robotics in a research note on Monday, October 10th. They set a "buy" rating and a $11.00 target price on the stock.
Get Nauticus Robotics alerts:Nauticus Robotics Stock Performance
The business's 50 day simple moving average is $3.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 11.00 and a quick ratio of 9.73.
Nauticus Robotics (NASDAQ:KITT – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.08). The firm had revenue of $2.98 million during the quarter, compared to the consensus estimate of $2.80 million. On average, equities research analysts expect that Nauticus Robotics, Inc. will post -0.42 earnings per share for the current fiscal year.Hedge Funds Weigh In On Nauticus Robotics
Several hedge funds have recently modified their holdings of KITT. Virtu Financial LLC acquired a new position in shares of Nauticus Robotics during the 3rd quarter valued at $60,000. MMCAP International Inc. SPC acquired a new position in shares of Nauticus Robotics during the 3rd quarter valued at $149,000. Harvard Management Co. Inc. acquired a new position in shares of Nauticus Robotics in the 3rd quarter worth $1,805,000. Kepos Capital LP acquired a new position in shares of Nauticus Robotics in the 3rd quarter worth $90,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Nauticus Robotics in the 3rd quarter worth $57,000.
About Nauticus Robotics
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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.
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