In a report released today, Troy Jensen from Lake Street reiterated a Buy rating on Nauticus Robotics (KITT – Research Report), with a price target of $3.40. The company’s shares closed yesterday at $1.91.
According to TipRanks, Jensen is a 5-star analyst with an average return of 10.8% and a 51.81% success rate. Jensen covers the Technology sector, focusing on stocks such as Stratasys, Nauticus Robotics, and IMPINJ.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nauticus Robotics with a $2.95 average price target.
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Based on Nauticus Robotics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.82 million and a GAAP net loss of $10.18 million. In comparison, last year the company had a net profit of $1.95 million
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Read More on KITT:
- Nauticus Robotics Reports Second Quarter 2023 Results and Provides Business Update
- Nauticus Robotics reports Q2 adjusted EPS (20c), consensus (15c)
- Is KITT a Buy, Before Earnings?
- Nauticus Robotics files to sell 1.89M shares of common stock for holders
- Nauticus Robotics to exhibit at SPE Offshore Europe Conference
