Adage Capital Management LP has recently announced that it has increased stake in Nauticus Robotics Inc (NASDAQ:KITT) by 109.78%. After grabbing 0.24 million shares, the institutional investor is now in possession of 0.13 million shares of the Industrials Company. The new investment brought the stake of investor firm to 0.48% having worth around $0.33 million. Moreover, Geode Capital Management LLC increased its share by 0.13 million to have a control over 0.18 million shares. And The Vanguard Group, Inc. raised its holdings to 16371.0 shares by acquiring 0.11 million shares or 0.23% of the stake.
Nauticus Robotics Inc (KITT) concluded trading on 01/10/24 at a closing price of $0.52, with 112.26 million shares of worth about $58.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -74.61% during that period and on Wednesday the price saw a gain of about 78.65%. Currently the company’s common shares owned by public are about 47.25M shares, out of which, 12.10M shares are available for trading.
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Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and iShares Tr. – Micro Cap ETF are the top 3 mutual funds which are holding stakes in Nauticus Robotics Inc Vanguard Extended Market Index Fu is currently holding 0.12 million shares of worth totaling $0.16 million. The company recently came buying 504.0 shares which brought its stake up to 0.23% of the company’s outstanding shares. iShares Tr. – Micro Cap ETF, after buying 41744.0 shares, have now control over 0.08% of the stake in the company. It holds 0.0 shares of worth $56354.0.
Nauticus Robotics Inc (NASDAQ: KITT) started trading at $0.40, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 0.6600, or with a gain of 78.65%. Stock saw a price change of 4.62% in past 5 days and over the past one month there was a price change of -43.75%. Year-to-date (YTD), KITT shares are showing a performance of -22.82% which decreased to -85.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $4.09 during that period. The average intraday trading volume for Nauticus Robotics Inc shares is 170.74K. The stock is currently trading -19.89% below its 20-day simple moving average (SMA20), while that difference is down -56.81% for SMA50 and it goes to -72.27% lower than SMA200.
Adage Capital Management LP acquired 0.24 million shares of Nauticus Robotics Inc having value of about $0.33 million. Data submitted at the U.S SEC by Adage Capital Management LP revealed that the firm now holds 0.13 million shares in the company valued at close to $65759.2, or have control over 109.78% stake in the company. Nauticus Robotics Inc (NASDAQ: KITT) currently have 47.25M outstanding shares and institutions hold larger chunk of about 2.76% of that. Holding of mutual funds in the company is about 2.01% while other institutional holders and individual stake holders have control over 36.94% and 0.75% of the stake respectively.
The stock has a current market capitalization of $26.18M and its 3Y-monthly beta is at 0.20. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 0.94 while making debt-to-equity ratio of 1.87. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KITT, volatility over the week remained 38.48% while standing at 19.36% over the month.
Analysts are in expectations that Nauticus Robotics Inc (KITT) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is -$0.11 and it is -$0.36 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.19 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Nauticus Robotics Inc (KITT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Chardan Capital Markets on May 12, 2023 offering a Neutral rating for the stock and assigned a target price of $2.50 to it.
