Crown ElectroKinetics Corp (NASDAQ: CRKN): Reassessing Prospects

Virtu Americas LLC has recently announced that it has increased stake in Crown ElectroKinetics Corp (NASDAQ:CRKN) by 8,586.63%. After grabbing 0.11 million shares, the institutional investor is now in possession of 0.11 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.85% having worth around $15757.0. Moreover, Citadel Securities LLC increased its share by 58353.0 to have a control over 58353.0 shares. And HRT Financial LLC raised its holdings to 17957.0 shares by acquiring 17957.0 shares or 0.14% of the stake.

Crown ElectroKinetics Corp (CRKN) concluded trading on Thursday at a closing price of $0.11, with 4.7 million shares of worth about $0.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -97.30% during that period and on Thursday, January 25 the price saw a gain of about 6.87%. Currently the company’s common shares owned by public are about 12.64M shares, out of which, 12.61M shares are available for trading.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Fidelity Extended Market Index Fu, Vanguard Extended Market Index Fu, and Fidelity Series Total Market Inde are the top 3 mutual funds which are holding stakes in Crown ElectroKinetics Corp Fidelity Extended Market Index Fu is currently holding 10177.0 shares of worth totaling $1496.0. The company recently came buying 0.0 shares which brought its stake up to 0.08% of the company’s outstanding shares. Fidelity Series Total Market Inde, after buying 180.0 shares, have now control over 0.00% of the stake in the company. It holds 0.0 shares of worth $26.0.

However, the stock later moved at a day high price of 0.1200, or with a gain of 6.87%. Stock saw a price change of -5.33% in past 5 days and over the past one month there was a price change of -20.56%. Year-to-date (YTD), CRKN shares are showing a performance of -22.98% which decreased to -99.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.10 but also hit the highest price of $24.90 during that period. The average intraday trading volume for Crown ElectroKinetics Corp shares is 3.14 million. The stock is currently trading -14.37% below its 20-day simple moving average (SMA20), while that difference is down -26.40% for SMA50 and it goes to -96.75% lower than SMA200.

Virtu Americas LLC acquired 0.11 million shares of Crown ElectroKinetics Corp having value of about $15757.0. Data submitted at the U.S SEC by Virtu Americas LLC revealed that the firm now holds 0.11 million shares in the company valued at close to $11655.49, or have control over 8,586.63% stake in the company. Crown ElectroKinetics Corp (NASDAQ: CRKN) currently have 12.64M outstanding shares and institutions hold larger chunk of about 1.95% of that. Holding of mutual funds in the company is about 0.15% while other institutional holders and individual stake holders have control over 1.80% and — of the stake respectively.

The stock has a current market capitalization of $1.44M and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$30.32 in the same period. It has Quick Ratio of 1.05 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRKN, volatility over the week remained 10.05% while standing at 8.27% over the month.

Analysts are in expectations that Crown ElectroKinetics Corp (CRKN) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 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 -$0.36 in the same quarter a year ago.

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