In the past week, KITT stock has gone down by -19.47%, with a monthly decline of -31.39% and a quarterly plunge of -52.96%. The volatility ratio for the week is 9.57%, and the volatility levels for the last 30 days are 10.10% for Nauticus Robotics Inc The simple moving average for the past 20 days is -23.83% for KITT’s stock, with a -85.76% simple moving average for the past 200 days.
Is It Worth Investing in Nauticus Robotics Inc (NASDAQ: KITT) Right Now?
The 36-month beta value for KITT is at 0.13. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KITT is 18.54M, and currently, shorts hold a 0.46% of that float. The average trading volume for KITT on May 10, 2024 was 1.67M shares.
KITT) stock’s latest price update
The stock price of Nauticus Robotics Inc (NASDAQ: KITT) has plunged by -5.03 when compared to previous closing price of 0.16, but the company has seen a -19.47% decline in its stock price over the last five trading sessions. PRNewsWire reported 2024-05-06 that HOUSTON, May 6, 2024 /PRNewswire/ — Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT) today announced the Company’s schedule for releasing its first quarter financial and operating results for the period ended March 31, 2024. The Company plans to release its first quarter financial and operating results after market close on May 13, 2024.
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 -35.23% 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 -94.08% of loss for the given period.
Volatility was left at 10.10%, however, over the last 30 days, the volatility rate increased by 9.57%, as shares sank -33.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.00% lower at present.
During the last 5 trading sessions, KITT fell by -19.36%, which changed the moving average for the period of 200-days by -92.36% in comparison to the 20-day moving average, which settled at $0.1944. In addition, Nauticus Robotics Inc saw -77.72% 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 6.19. 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
In conclusion, Nauticus Robotics Inc (KITT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
