In the past week, KITT stock has gone up by 1.41%, with a monthly decline of -35.00% and a quarterly plunge of -55.59%. The volatility ratio for the week is 9.73%, and the volatility levels for the last 30 days are 10.78% for Nauticus Robotics Inc The simple moving average for the past 20 days is -14.32% for KITT’s stock, with a -82.81% simple moving average for the past 200 days.
Is It Worth Investing in Nauticus Robotics Inc (NASDAQ: KITT) Right Now?
KITT has 36-month beta value of 0.18. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KITT is 18.47M, and currently, short sellers hold a 1.25% ratio of that float. The average trading volume of KITT on May 02, 2024 was 1.63M shares.
KITT) stock’s latest price update
Nauticus Robotics Inc (NASDAQ: KITT) has experienced a decline in its stock price by -6.88 compared to its previous closing price of 0.21. However, the company has seen a gain of 1.41% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-10 that Nauticus Robotics, Inc. (NASDAQ:KITT ) Q4 2023 Earnings Call Transcript April 10, 2024 11:00 AM ET Company Participants Kristin Moorman – Special Projects Leader John Gibson – CEO and President Stu Donnan – Chief Engineer Vicki Hay – Interim CFO Jorge Machnizh – Sales and Business Development Leader Conference Call Participants Brian Dobson – Chardan Capital Markets Operator Good day everyone and welcome to today’s Nauticus Robotics 2023 Q4 Earnings Call. At this time, all participants are in a listen-only mode.
Analysts’ Opinion of KITT
Many brokerage firms have already submitted their reports for KITT stocks, with Chardan Capital Markets repeating the rating for KITT by listing it as a “Neutral.” The predicted price for KITT in the upcoming period, according to Chardan Capital Markets is $2.50 based on the research report published on May 12, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see KITT reach a price target of $10. The rating they have provided for KITT stocks is “Buy” according to the report published on October 06th, 2022.
KITT Trading at -22.58% from the 50-Day Moving Average
After a stumble in the market that brought KITT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.40% of loss for the given period.
Volatility was left at 10.78%, however, over the last 30 days, the volatility rate increased by 9.73%, as shares sank -33.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.22% lower at present.
During the last 5 trading sessions, KITT rose by +1.41%, which changed the moving average for the period of 200-days by -90.91% in comparison to the 20-day moving average, which settled at $0.2213. In addition, Nauticus Robotics Inc saw -71.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KITT starting from FLORES WILLIAM, who purchase 29,756 shares at the price of $0.22 back on Apr 15 ’24. After this action, FLORES WILLIAM now owns 100,000 shares of Nauticus Robotics Inc, valued at $6,546 using the latest closing price.
FLORES WILLIAM, the Director of Nauticus Robotics Inc, purchase 70,244 shares at $0.23 during a trade that took place back on Apr 12 ’24, which means that FLORES WILLIAM is holding 70,244 shares at $16,156 based on the most recent closing price.
Stock Fundamentals for KITT
Current profitability levels for the company are sitting at:
- -3.95 for the present operating margin
- -0.84 for the gross margin
The net margin for Nauticus Robotics Inc stands at -511545.21. The total capital return value is set at -2.98. Equity return is now at value -12.25, with -9.77 for asset returns.
Based on Nauticus Robotics Inc (KITT), the company’s capital structure generated -3.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.68. The debt to equity ratio resting at -0.76. The interest coverage ratio of the stock is -5.42.
Currently, EBITDA for the company is -24.99 million with net debt to EBITDA at -1.19. When we switch over and look at the enterprise to sales, we see a ratio of 6.58. The receivables turnover for the company is 31.1for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
To put it simply, Nauticus Robotics Inc (KITT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
