In the past week, KITT stock has gone down by -2.54%, with a monthly decline of -34.37% and a quarterly plunge of -53.02%. The volatility ratio for the week is 14.57%, and the volatility levels for the last 30 days are 11.06% for Nauticus Robotics Inc The simple moving average for the past 20 days is -24.66% for KITT’s stock, with a -81.42% simple moving average for the past 200 days.
Is It Worth Investing in Nauticus Robotics Inc (NASDAQ: KITT) Right Now?
The stock has a 36-month beta value of -0.06. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KITT is 5.35M, and at present, short sellers hold a 2.83% of that float. On November 26, 2024, the average trading volume of KITT was 803.25K shares.
KITT) stock’s latest price update
The stock of Nauticus Robotics Inc (NASDAQ: KITT) has decreased by -15.79 when compared to last closing price of 1.06.Despite this, the company has seen a loss of -2.54% in its stock price over the last five trading days. prnewswire.com reported 2024-11-19 that HOUSTON, Nov. 19, 2024 /PRNewswire/ — Nauticus Robotics, Inc. (NASDAQ: KITT, “Nauticus”), a leading innovator in autonomous subsea robotics and software solutions, today announced a strategic collaboration with SeaTrepid International, LLC (“SeaTrepid”) to integrate and test its ToolKITT software on a Remotely Operated Vehicle (ROV) in SeaTrepid’s fleet. Under this collaboration, Nauticus will install a perpetual license of its ToolKITT software onto an ROV, with SeaTrepid providing access to its facilities and workforce to support pool testing during the certification process.
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 -32.32% 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 -98.56% of loss for the given period.
Volatility was left at 11.06%, however, over the last 30 days, the volatility rate increased by 14.57%, as shares sank -36.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.80% lower at present.
During the last 5 trading sessions, KITT fell by -2.54%, which changed the moving average for the period of 200-days by -92.28% in comparison to the 20-day moving average, which settled at $1.1847. In addition, Nauticus Robotics Inc saw -96.34% 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 70,244 shares at the price of $0.23 back on Apr 12 ’24. After this action, FLORES WILLIAM now owns 70,244 shares of Nauticus Robotics Inc, valued at $16,156 using the latest closing price.
FLORES WILLIAM, the Director of Nauticus Robotics Inc, purchase 29,756 shares at $0.22 during a trade that took place back on Apr 15 ’24, which means that FLORES WILLIAM is holding 100,000 shares at $6,546 based on the most recent closing price.
Stock Fundamentals for KITT
Current profitability levels for the company are sitting at:
- -9.32 for the present operating margin
- -4.3 for the gross margin
The net margin for Nauticus Robotics Inc stands at -23.28. The total capital return value is set at -1.89. Equity return is now at value -856.78, with -137.37 for asset returns.
Based on Nauticus Robotics Inc (KITT), the company’s capital structure generated 4.32 points at debt to capital in total, while cash flow to debt ratio is standing at -0.82. The debt to equity ratio resting at -1.3. The interest coverage ratio of the stock is -1.92.
Currently, EBITDA for the company is -44.87 million with net debt to EBITDA at -0.89. When we switch over and look at the enterprise to sales, we see a ratio of 20.96. The receivables turnover for the company is 6.03for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
To sum up, Nauticus Robotics Inc (KITT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
